Rupayan Pal

Rupayan Pal

rupayan pal
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Dr. Rupayan Pal, Professor of Economics, is an applied micro-economist specializing in the area of strategic interactions among economic agents. His theoretical research has dealt with issues including pricing strategies of network goods producing firms, delegation in organizations, innovation activities of firms, privatization, environmental regulation, union-oligopoly bargaining and inter-jurisdictional tax competition. He has also researched on some of the policy relevant empirical issues pertaining to developing countries like India, such as financial inclusion, dynamics of competitive environment in manufacturing industries, unionization, tax efficiency, and electoral competition and provision of public goods. International academic journals such as Mathematical Social Sciences, Journal of Public Economic Theory, Regional Science & Urban Economics, Scottish Journal of Political Economy, Journal of Policy Modeling, Resource and Energy Economics, International Journal of Economic Theory, Economic Modelling, Journal of Economics, Manchester School, and others have published his research papers. He is an enthusiastic teacher too.
Network Externalities
  • Tacit Collusion and Market Concentration under Network Effects, 2016, Economics Letters (with M. Scrimitore) 
  • Cournot vs. Bertrand under Relative Performance Delegation: Implications of Positive and Negative Network Externalities, 2015, Mathematical Social Sciences
  • Managerial Delegation in Monopoly and Social Welfare, 2014, International Journal of Economic Theory
  • Price and Quantity Competition in Network Goods Duopoly: A Reversal Result, 2014, Economics Bulletin 
  • Network Externalities and Strategic Managerial Delegation in Cournot Duopoly: Is There a Prisoners’ Dilemma?, 2013, Review of Network Economics (with T. Bhattacharjee)


International Tax Competition
  • Endogenizing Governments’ Objectives in Tax Competition, 2013, Regional Science and Urban Economics (with A. Sharma) 


Environmental Regulation, Privatization
  • Pollution Tax, Partial Privatization and Environment, 2015, Resource and Energy Economics (with B. Saha)
  • Mixed Duopoly and Environment, 2014, Journal of Public Economic Theory (with B. Saha)
  • Mixed Duopoly, Cross-ownership and Partial Privatization, 2012, Journal of Economics (with R. Jain)
  • Delegation and Emission Tax in a Differentiated Oligopoly, 2012, Manchester School
  • Environmental Standards as Strategic Outcomes: A Simple Model, 2010, Resource and Energy Economics (with R. N. Bhattacharya)


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)
  • Competition, Strategic Delegation and Delay in Technology Adoption, 2016, Economics of Innovation and New Technology (with A. Mahathi and V. Ramani)
  • Cooperative Managerial Delegation, R&D, and Collusion, 2010, Bulletin of Economic Research
  • Technology Adoption in a Differentiated Duopoly: Cournot versus Bertrand, 2010, Research in Economics


Union-Firm Bargaining in Oligopoly
  • Entry Threats and Inefficiency in Efficient Bargaining, 2016 , Scottish Journal of Political Economy (with B. Saha)
  • Union-Oligopoly Bargaining and Entry Deterrence: A Reassessment of Limit Pricing, 2008, Journal of Economics (with B. Saha)
  • Wage Commitment, Signalling and Entry Deterrence or Accommodation, 2006, LABOUR: Review of Labour Economics and Industrial Relations (with B. Saha)
  • Union-Firm Bargaining Under Alternative Pay Schemes: Does Performance Related Pay Fare Better?, 2006, Indian Journal of Labour Economics


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)


Financial Inclusion: India
  • Financial Inclusion in India: An Axiomatic Approach 2013, Journal of Policy Modeling (with S. R. Chakravarty)
  • Outreach of Banking Services across Indian States: 1981-2007 – Converging or Diverging?, 2011, Chapter 12 in India Development Report 2011 (with R. R. Vaidya)


Public Finance and Politics: India
  • Why Tax Effort Falls Short of Tax Capacity in Indian States: A Stochastic Frontier Approach, (forthcoming), Public Finance Review (with S. Garg and A. Goyal)
  • Electoral Outcome and Provision of Public Goods: A Case Study of India, 2016 , Journal of Comparative Asian Development (with A. K. Kaushik)
  • How Representative Has the Lok Sabha Been?, 2012, Economic and Political Weekly (with A. K. Kaushik)
  •  A Scrutiny of the MP-LADS in India: Who Is It For?, 2010, Economic and Political Weekly (with A. Das)


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
  • The Relative Impacts of Banking, Infrastructure and Labour on Industrial Growth: Evidence from Indian States, 2011, Macroeconomics and Finance in Emerging Market Economies


Labour Market: India
  • 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)
  • Impact of Communist Parties on the Individual Decision to Join a Trade Union: Evidence from India, 2010, Developing Economies

  • Will A Matchmaker Invite Her Potential Rival In? (with V. Ramani)
  • Going Green to Be Seen: The Case of a Voluntary Mechanism for Biodiversity Protection on Farmland (with P. Banerjee and A. Wossink)
  • Estimating Workers’ Bargaining Power and Firms’ Markup in India: Implications of Reforms and Labour Regulations (with U. Rathore)
  • Financial Inclusion: Income Related Inequality and Role of Banks (with R. Pal)
  • Probabilistic Patents, Alternative Damage Rules and Optimal Trade Policy (with A. Dey and T. Kabiraj)
  • Strategic Trade Policy for Network Goods Oligopolies (with A. Ghosh)
  • Welfare Ranking of Alternative Export Tariffs Revisited (with A. Ghosh)
  • Optimal Trade Policy under Imperfect Labour Market: Roles of Union-Firm Bargaining Structure and FDI (with S. Ghosh)
  • Competition for Foreign Capital: Asymmetric Revenue Orientation and Endogenous Public Investment (with A. Sharma)
  • Winners Sacrifice: Heterogeneous Preference for Public Goods and Competition for Mobile Capital (with A. Sharma)
  • Intensity of Product Market Competition and Firms’ R&D Activities in Network Goods Industries (with M. Naskar)
  • How Robust is Boone Indicator to Measure Intensity of Competition? Two Counter Examples (with T. Mohapatra)
  • Environmental Quality Choice under Asymmetric Information: Green Consumers, Green Technology and Regulation (with P. Banerjee)
  • Honor and Stigma in Mechanisms for Environmental Protection (with P. Banerjee and J. F. Shogren)
  • A Smooth Measure of Competitiveness using Post-Election Vote Shares (with S. R. Chakravarty, M. Mitra and S. Mutuswamy)
  • Endogenously Determined Mode of Competition in a Mixed Duopoly and Optimal Privatization (with A. Pal, S. P. Mari, M. Mitra)

  • At Indira Gandhi Institute of Development Research (IGIDR), India

PhD and Masters in Economics Students

6101 Special Topics in Microeconomic Theory (Optional)

5101 Microeconomics I

5504 Public Economics (2009, 2010)

Reserve Bank of India Officers Training Program: A Module on Microeconomics (2011, 2012)

Faculty Refresher Program on Advances in Economics: Topics in Oligopoly Theory (2011)

  • At Gokhale Institute of Politics and Economics (GIPE), Pune, India (2005-2008)

Masters in Economics Students

B04 Industry: Organization, Structure, and Problems (Optional)

B07 Labour Economics (Optional)

A01 Microeconomics I

A02 Microeconomics II

A07 Public Economics

  • At Xavier Labour Relations Institute (XLRI), Jamshedpur, India (July, 2006)

MBA and PM&IR Students

Economics of Human Resources