Working Papers


Contract and Organization Theory

Hierarchical Control Rights and Strong Collusion, with Masatoshi Tsumagari, June 2017

Bypassing Intermediaries via Vertical Integration, A Transaction-Cost-Based Theory with Alberto Motta and Masatoshi Tsumagari, September 2018

Consulting Collusive Intermediaries, with Alberto Motta and Masatoshi Tsumagari, revised August 2018


Empirical Development/Political Economy

Community Networks and the Growth of Private Enterprise in China with Ruochen Dai, Kaivan Munshi and Xiabo Zhang, Feb 2019

Credit Rationing and Pass-Through in Supply Chains: Theory and Evidence from Bangladesh with Shahe Emran, Forhad Shilpi and Helal Uddin, Feb 2019

Resource Transfers to Local Governments: Political Manipulation and Household Responses in West Bengal, with Pranab Bardhan, Sandip Mitra, and Anusha Nath, revised December 2018.

Community Origins of Industrial Entrepreneurship in Pre-Independence India with Bishnupriya Gupta, Kaivan Munshi and Mario Sanclemente, Dec 2018

Clientelistic Politics and Economic Development: An Overview with Pranab Bardhan, revised, August 2018 Presentation Slides

Political Clientelism and Capture: Theory and Evidence from West Bengal with Pranab Bardhan, revised August 2012.


Theoretical Development/Inequality/Political Economy

Capital and Inequality in the Long Run: Automation without Technical Progress, with Debraj Ray, December 2017

A Theory of Clientelistic Politics versus Programmatic Politics, with Pranab Bardhan, August 2018

Pareto Improving Education Subsidies wiith Financial Frictions and Heterogenous Abilities, with Stefan Napel, revised October 2018.

Educational Signaling, Credit Constraints and Income Distribution Dynamics with Marcello d'Amato, July 2010, revised version April 2012.