Krishnendu Ghosh Dastidar, Hiranya Mukhopadhyay and Uday Bhanu Sinha

in Dimensions of Economic Theory and Policy

Published in print October 2011 | ISBN: 9780198073970
Published online September 2012 | e-ISBN: 9780199081615 | DOI:

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This book discusses various aspects of economic theory and quantitative techniques and their applications and relevance to policymaking. It features contributions from economists who have come together to honour Anjan Mukherji, arguably one of India's most distinguished economists. After providing a brief account of Mukherji's life and works, this chapter presents an overview of the book, which is divided into three parts. Part I deals with general equilibrium, macroeconomics, and economic dynamics; Part II focuses on applications of game theory to economics and information economics; while Part III explores India's socio-economic problems relating to India. Topics range from Markov processes to wealth effects, aspects of economic growth and applications of dynamic modelling to resource management and international competition, efficiency wages, collusion in oligopolies, cartels in international competition, price competition in a mixed duopoly, and strategic aspects of liability rules and liquidity preference.

Keywords: economic theory; Anjan Mukherji; general equilibrium; macroeconomics; game theory; collusion; oligopolies; wealth effects; mixed duopoly; international competition

Chapter.  7427 words. 

Subjects: Microeconomics

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