Rupayan Pal
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Dr. Rupayan Pal is an applied microeconomist. He has conducted extensive research in economic theory, measurement problems, and some empirical issues of considerable academic and policy significance. The scope of his research is broad and covers a wide range of topics, including oligopoly theory and competition policy issues, innovation, privatization, environmental regulations, network externalities, international tax competition, tax efficiency, non-standard preferences of economic agents, corruption, union-firm bargaining and labour contracts, water disputes, and financial inclusion and development.
He has published over 50 research articles in well-regarded, peer-reviewed journals, such as Economic Theory, Regional Studies, Regional Science & Urban Economics, Economics Letters, Environmental and Resource Economics, Mathematical Social Sciences, Journal of Public Economic Theory, Resource and Energy Economics, Journal of Policy Modeling, Journal of Economics & Management Strategy, Journal of Institutional and Theoretical Economics, and International Review of Economics & Finance.
He joined the Indira Gandhi Institute of Development Research (IGIDR) in 2008 as a Visiting Fellow, after serving as Lecturer in Economics at the Gokhale Institute of Politics and Economics from 2005 to 2008. Since 2016, he has been a full Professor at IGIDR.
Dr Pal is a member of the Editorial Board of the Competition Commission of India Journal on Competition Law and Policy (since 2021). He previously served as Joint Managing Editor of the Journal of Quantitative Economics from 2010 to 2013. Dr Pal regularly acts as a referee for several esteemed journals, including Experimental Economics, Journal of Economic Behavior & Organization, International Journal of Industrial Organization, Review of Industrial Organization, Journal of Environmental Economics and Management, Mathematical Social Sciences, Journal of Public Economic Theory, and Journal of the Operational Research Society.
An enthusiastic and dedicated teacher, Dr Pal actively integrates his research insights into his teaching, fostering a stimulating learning environment for his students.
Applied Theory
- “Cross-ownership in duopoly: Are there any incentives to divest?” (with E. Petrakis), Economic Theory, (Forthcoming), 2025. [Springer], accessed from here
- “Corruption versus Efficiency in Water Allocation under Uncertainty: Is There a Trade-off?” (with D. R. Pati and S. Shrivastav), Regional Studies, 58(1), pp. 105-119, 2024. [Taylor & Francis], accessed from here
- “Heterogeneity in Farmers’ Social Preferences and the Design of Green Payment Schemes” (with P. Banerjee, A. Woosink, and J. Asher), Environmental and Resource Economics, 78(2), pp. 201-226, 2021. [Springer], accessed from here
- “Tacit Collusion and Market Concentration under Network Effects” (with M. Scrimitore), Economics Letters, Vol. 145 (August), pp. 266-269, 2016. [Elsevier],accessed from here
- “Endogenizing Governments’ Objectives in Tax Competition” (with A. Sharma) Regional Science & Urban Economics, Vol. 43, No. 4, pp. 570-578, 2013. [Elsevier], accessed from here
Network Externalities
- “Network Externalities and Process R&D: A Cournot-Bertrand Comparison” (with M. Naskar), Mathematical Social Sciences, Vol. 103 (January), 2020. [Elsevier], accessed from here
- “Cournot vs. Bertrand under relative performance delegation: Implications of positive and negative network externalities” Mathematical Social Sciences, Vol. 75 (May), pp. 94-101, 2015. [Elsevier], accessed from here
- “Externalities, Entry Bias, and Optimal Subsidy Policy for Cleaner Environment” (with M. Scrimitore and R. Song), Journal of Public Economic Theory, 25(1), pp. 90-122, 2023. [Wiley], accessed from here
- “Mixed Duopoly and Environment” (with B. Saha) Journal of Public Economic Theory, Vol. 16, No. 1, pp. 96-118, 2014. [Wiley-Blackwell], accessed from here
- “Probabilistic Patents, Alternative Damage Rules and Optimal Tariffs” (with A. Dey and A. K. Kaushik), Journal of Institutional and Theoretical Economics, Vol. 176, No. 2, pp. 276-311, 2020. [Mohr Siebeck], accessed from here
Empirical
- “Financial Inclusion in India: An Axiomatic Approach” (with S. R. Chakravarty) Journal of Policy Modeling, Vol. 35, No. 5, pp. 813-837, 2013. [Elsevier],accessed from here
- “Why Tax Effort Falls Short of Tax Capacity in Indian States: A Stochastic Frontier Approach” (with S. Garg and A. Goyal), Public Finance Review, Vol. 45, No. 2, pp. 232-259, 2017. [Sage], accessed from here
- “Usage of Formal Financial Services in India: Demand Barriers or Supply Constraints?” (with A. Kumar and R. Pal), Economic Modelling, Vol. 80 (August), 2019, pp. 244-259, 2019. [Elsevier], accessed from here
- “Estimating Workers’ Bargaining Power and Firms’ Markup in India: Implications of Reforms and Labour Regulations” (with U. Rathore), Journal of Policy Modeling, Vol. 38, No. 6, pp. 1118-1135, 2016 . [Elsevier], accessed from here
- “Can the Information Technology Revolution Explain the Incidence of Co-movement of Skill Premium and Stock Prices?” (with K. Gangopadhyay and A. Nishimura), Economic Modelling, Vol. 53 (February), pp. 107-120 , 2016. [Elsevier], accessed from here
Platform Competition
- Will a Matchmaker Invite Her Potential Rival In?, 2017, Journal of Economics and Management Strategy (with V. Ramani), accessed from here
Resource and Environment
- “Corruption versus Efficiency in Water Allocation under Uncertainty: Is There a Trade-off ?” ,
2023, Regional Studies (with D. R. Pati and S. Shrivastav), accessed from here
- “Externalities, Entry Bias, and Optimal Subsidy Policy for Cleaner Environment” , 2023,
Journal of Public Economic Theory (with M. Scrimitore and R. Song), accessed from here
- “Green Firm, Brown Environment”, 2022, Manchester School (with P. Banerjee, P. Thakkar and A. M. T. Hussain), accessed from here
- Heterogeneity in Farmers’ Social Preferences and the Design of Green Payment Schemes, 2021, Environmental and Resource Economics (with P. Banerjee, A. Woosink, and J. Asher), accessed from here
- Pollution Tax, Partial Privatization and Environment, 2015, Resource and Energy Economics (with B. Saha), accessed from here
- Mixed Duopoly and Environment, 2014, Journal of Public Economic Theory (with B. Saha), accessed from here
- Delegation and Emission Tax in a Differentiated Oligopoly, 2012, Manchester School, accessed from here
- Environmental Standards as Strategic Outcomes: A Simple Model, 2010, Resource and Energy Economics (with R. N. Bhattacharya), accessed from here
International Tax Competition
- Nash Equilibrium in Tax and Public Investment Competition, 2019, International Review of Economics and Finance (with A. Sharma), accessed from here
- Preferences over Public Good, Political Delegation, and Leadership in Tax Competition, 2019, Public Finance Review (with A. Sharma), accessed from here
- Competition for Foreign Capital under Asymmetric Revenue-Orientation, 2016, Indian Economic Review (with A. Sharma), accessed from here
- Endogenizing Governments’ Objectives in Tax Competition, 2013, Regional Science and Urban Economics (with A. Sharma), accessed from here
Privatization
- Equilibrium Coexistence of Public and Private Firms and the Plausibility of Price Competition, 2020, Journal of Institutional and Theoretical Economics (with M. Mitra, A. Paul and P. M. Sharada), accessed from here
- Mixed Duopoly, Cross-ownership and Partial Privatization, 2012, Journal of Economics (with R. Jain), accessed from here
R&D, Innovation and Technology Adoption
- Can the Information Technology Revolution Explain the Incidence of Co-movement of Skill Premium and Stock Prices?, 2016, Economic Modelling (with K. Gangopadhyay and A. Nishimura), accessed from here
- Competition, Strategic Delegation and Delay in Technology Adoption, 2016, Economics of Innovation and New Technology (with A. Mahathi and V. Ramani), accessed from here
- Cooperative Managerial Delegation, R&D, and Collusion, 2010, Bulletin of Economic Research, accessed from here
- Technology Adoption in a Differentiated Duopoly: Cournot versus Bertrand, 2010, Research in Economics, accessed from here
International Trade Policy
- Probabilistic Patents, Alternative Damage Rules and Optimal Tariffs, 2020, Journal of Institutional and Theoretical Economics (with A. Dey and A. K. Kaushik), accessed from here
- Welfare Ranking of Alternative Export Taxes Revisited, 2017, Economics Bulletin (with A. Ghosh), accessed from here
Union-Firm Bargaining in Oligopoly
- Entry Threats and Inefficiency in Efficient Bargaining, 2016, Scottish Journal of Political Economy (with B. Saha), accessed from here
- Union-Oligopoly Bargaining and Entry Deterrence: A Reassessment of Limit Pricing, 2008, Journal of Economics (with B. Saha), accessed from here
- Wage Commitment, Signalling and Entry Deterrence or Accommodation, 2006, LABOUR: Review of Labour Economics and Industrial Relations (with B. Saha) accessed from here
- Union-Firm Bargaining Under Alternative Pay Schemes: Does Performance Related Pay Fare Better?, 2006, Indian Journal of Labour Economics, accessed from here
Electoral Competition: Theory
- “A Vote-Share Concentration-Based Axiomatic Characterisation of the Probability-Ratio
Index of Electoral Competition”, 2022, Journal of Income Distribution (Special Issue in
honour of Nanak Kakwani), accessed from here
- On the Probability Ratio Index as a Measure of Electoral Competition, 2020, Palgrave Communications (with S. R. Chakravarty, M. Mitra and S. Mutuswami), accessed from here
Competition Policy: Theory
- Signaling through Public Antitrust Enforcement: An Extension, 2019, Economics Bulletin (with M. Ganguly), accessed from here
Incentives in Team: Empirics
- The Impact of Group Incentives on Performance of Small Firms: Hausman-Taylor Estimates, 2010, Managerial and Decision Economics (with K. Dixit), accessed from here
Financial Inclusion: India
- Usage of Formal Financial Services in India: Demand Barriers or Supply Constraints?, 2019, Economic Modelling (with A. Kumar and R. Pal), accessed from here
- Financial Inclusion in India: An Axiomatic Approach, Journal of Policy Modeling (with S. R. Chakravarty) accessed from here
- Outreach of Banking Services across Indian States: 1981-2007 – Converging or Diverging?, 2011, Chapter 12 in India Development Report 2011 (with R. R. Vaidya), accessed from here
Public Finance and Politics: India
- Why Tax Effort Falls Short of Tax Capacity in Indian States: A Stochastic Frontier Approach, 2017, Public Finance Review (with S. Garg and A. Goyal), accessed from here
- Electoral Outcome and Provision of Public Goods: A Case Study of India, 2016, Journal of Comparative Asian Development (with A. K. Kaushik), accessed from here
- How Representative Has the Lok Sabha Been?, 2012, Economic and Political Weekly (with A. K. Kaushik), accessed from here
- A Scrutiny of the MP-LADS in India: Who Is It For?, 2010, Economic and Political Weekly (with A. Das), accessed from here
Industry – Competition and Growth: India
- Dynamics of Firm's Competitive Behavior in Indian Manufacturing Industries: 1971-2010, 2015, Chapter 7 in India Development Report 2015, accessed from here
- The Relative Impacts of Banking, Infrastructure and Labour on Industrial Growth: Evidence from Indian States, 2011, Macroeconomics and Finance in Emerging Market Economies, accessed from here
Labour Market: India
- Estimating Workers' Bargaining Power and Firms' Markup in India: Implications of Reforms and Labour Regulations, 2016, Journal of Policy Modeling (with U. Rathore), accessed from here
- Labour Market: Balancing Freedom and Protection, 2014, Chapter 30 in Oxford Handbook of the Indian Economy in the 21st Century: Understanding the Inherent Dynamism (wth B. Saha), accessed from here
- Impact of Communist Parties on the Individual Decision to Join a Trade Union: Evidence from India, 2010, Developing Economies, accessed from here
Covid-19 Pandemic: Vaccination and other issues
- “On Willingness to Pay for Covid-19 Vaccines: A Case Study from India”, 2021, Human
Vaccines & Immunotherapeutics (with U. Das and U. Rathore), accessed from here
- Global Shocks and International Policy Coordination”, 2022, Global Policy (with A. Goyal), accessed from here
- “Evidence of Low Willingness to Pay for COVID-19 Vaccines: A Case for Further Subsidisation”, 2021, Economic and Political Weekly (with U. Das and U. Rathore), accessed from here
- Cross-ownership, competition & innovation
- Environmental regulation under corruption
- Non-standard preferences and pricing
- Oligopoly Theory
- Microeconomics -II (Part 2, Information Economics)