States of India are not converging

Tapen Sinha, Dipendra Sinha

Research output: Contribution to journalArticlepeer-review

Abstract

The present paper adds a new dimension to the literature on mixed oligopolies by introducing managerial discretion in state owned enterprises (SOEs). The resulting inefficiency has led policymakers to consider the options of privatization and liberalization, and these issues are sought to be modeled in the paper. In our paper, the manager of the SOE pursues his own interest by choosing the cost function. The explicit modeling of managerial discretion allows us to rank different post-reform market structures both in terms of social welfare and managerial utility.
Original languageEnglish
Pages (from-to)15-22
Number of pages8
JournalThe Indian Journal of Economics
Volume83
Issue number328
Publication statusPublished - 2002

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