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Outputs (5)

The effect of interest rates on consumption in an income fluctuation problem (2018)
Journal Article
Lehrer, E., & Light, B. (2018). The effect of interest rates on consumption in an income fluctuation problem. Journal of Economic Dynamics and Control, 94, 63-71. https://doi.org/10.1016/j.jedc.2018.07.004

We examine the effect of a change in interest rates on an agent’s consumption and savings decisions when her income is fluctuating. In each period, a long-lived agent decides how much to save (i.e., invest in a risky bond) and how much to consume whi... Read More about The effect of interest rates on consumption in an income fluctuation problem.

Failing to Learn: India's Schools and Teachers (2018)
Book Chapter
Saha, B., & Saha, S. (2018). Failing to Learn: India's Schools and Teachers. In R. Prasad, C. Rowley, & A. Banerjee (Eds.), Changing the Indian economy : renewal, reform and revival (55-75). Elsevier. https://doi.org/10.1016/b978-0-08-102005-0.00004-6

India has made substantial progress in expanding schooling facilities and is now poised to achieve universal primary education; however, children’s learning is not improving. Two major national assessment surveys showed that the numeracy and literacy... Read More about Failing to Learn: India's Schools and Teachers.

Enhancing Excellence: Socially Motivated Private Schools of Nepal (2018)
Journal Article
Pal, S., & Saha, B. (2019). Enhancing Excellence: Socially Motivated Private Schools of Nepal. The Journal of Development Studies, 55(5), 765-785. https://doi.org/10.1080/00220388.2018.1464142

Social motivation can promote efficiency of public service delivery though its role in providing schooling is little understood. We provide both theoretical and empirical insights as to why not-for-profit private schools could enhance excellence in s... Read More about Enhancing Excellence: Socially Motivated Private Schools of Nepal.

Inefficient Rushes in Auctions (2018)
Journal Article
Hernando-Veciana, A., & Michelucci, F. (2018). Inefficient Rushes in Auctions. Theoretical Economics, 13(1), 273-306. https://doi.org/10.3982/te2513

We analyze a setting common in privatizations, public tenders, and takeovers in which the ex post efficient allocation, i.e., the first best, is not implementable. Our first main result is that the open ascending auction is not second best because it... Read More about Inefficient Rushes in Auctions.