I am Professor at the Department of Economics, Delhi School of Economics. I am the Managing Director of Centre for Development Econommics, Delhi School of Economics. My current research focuses on Contract Theory, Law and Economics, and Public Economics.
Research
Working Papers
- Equilibria under Negligence Liability: How the Standard Claims Fall Apart(with Alan Feldman), Centre for Development Economics, Working Paper No. 300
- Does choice of procurement contract matter for cost and quality of infrastructure?, International Growth Centre, London School of Economics, Working Paper No. S-89209-INC-2
- On Existence and Properties of Pure-strategy Equilibria under Contests(with Sakshi Gupta), Centre for Development Economics, Working Paper No.288
- Web Index for this paper
- On the Existence and Efficiency of Equilibria under Liability Rules, National Bureau of Economic Research (NBER), Working Paper no. 12625
- Litigation over Compensation under Eminent Domain, International Growth Centre, London School of Economics, Working paper No. 2014/09, 2013
- Distribution of Highways Public Private Partnerships in India: Key Legal and Economic Determinants (with TCA Anant, Delhi School of Economics) CDDRL Stanford University, Working Paper, 2009
Work in Progress
- Bargaining and Litigation of Compensation under Eminent Domai
- Incomplete Contracts, Renegotiations, and Cost Overruns
Selected Papers
- Public-private Partnerships vs. Traditional Contracts for Highways: Comparison of cost and quality of roads, Indian Economic Review, 2 (new series), 2019, pp. 29-64
- Takings of Land by Self-interested Governments: Economic Analysis of Eminent Domain, (with Hans-Bernd Schäfer, Bucerious Law School, Germany), Journal of Law and Economics, 61(3), 2018, pp. 427-459
- Existence and Efficiency of Equilibria: When Care is Multidimensional
- Infrastructure: Source of growth or bottleneck?, (with Paramjit, Delhi School of Economics), The Oxford handbook of the Indian Economy, 2015, Oxford University Press, Delhi
- Inefficiency and Abuse of Compulsory Land Acquisition, Economic and Political Weekly, XLVII (19), 2013, pp. 46-53
- A Simple Guide to Comparative Vigilance (with Allan Feldman, Brown University), Asian Journal of Law and Economics, 2012, Vol. 2 (3), pp. 1-24
- Determinants of Cost Overruns, Public Procurement of Infrastructure: Roads and Railways, India Policy Forum, 7(1), 2011, pp. 97-158
- The Efficiency of Comparative Causation (with Francesco Parisi, University of Minnesota), Review of Law and Economics, 6(2), 2010, pp. 219-245
- Delays and Cost Overruns, Infrastructure Projects, India: Extents, Causes and Remedies, Economic and Political Weekly, XLV (21), 2010, pp. 43-54
- Comparative Vigilance, (with Allan Feldman, Brown University), American Law and Economics Review, 11(1), 2009, pp. 134-161
- Risk, Informational Asymmetry and Product Liability: An enquiry into conflicting objectives, Pacific Economic Review, 14, 2009, pp. 89-112
- Comparative Causation and Economic Efficiency: When activity level are constant, Review of Law and Economics, 3(2), 2007, pp. 383-406
- Causation-consistent Liability, Economic Efficiency and the Law of Torts, International Review of Law and Economics, 27(2), 2007, pp. 179-203
- Efficiency Characterization of Liability Rules when Liability Payments Differ from the Actual Harm, Journal of Quantitative Economics, 3, 2005, pp. 137-157
- Full Compensation Criteria: An Enquiry into Relative Merits, Journal of Law and Economics, 18, 2004, pp. 223-237
- Economics of Judicial Decision Making, Indian Tort Law: Motor Accident Cases, Economic and Political Weekly, 39(25), 2004, pp. 2603-2616
- Efficiency of ‘simple’ liability rules when courts make erroneous estimation of the damage, European Journal of Law and Economics, 16, 2003, pp. 39-58
- Efficient liability rules: Complete characterization, (with Satish K. Jain, Jawaharlal Nehru University), Journal of Economics, 75, 2002, pp. 105-124
Popular Writing and Op-eds
I regularly write Op-eds on the Indian economy. Visit my LinkedIn page for regular updates.