Market

Equity in Education

Published in the Business Standard on 13 July 2005, Parth J Shah explains why, to inculcate equity in education, it is important to “fund students, not schools”. Using the instrument of education vouchers, Parth explains the simplicity of such a market solution, underscoring its power to…

Can Public Goods be Provided without the State?

“If I had money, I would build roads; if I had more money, I would build more roads; if I had even more money, I would build even more roads”

— Sauvik Chakraverti

Uttarakhand Floods — The Problem of Adverse Incentives and The Role of Markets

Carrying on from where we left last week, in this post we explore the problem of adverse incentives in disaster management and relief when carried out by the government and the possible role of…

FCI purchases of food grains & another case of “Lingle’s Law”

Attempts by the Food Corporation of India (FCI) to mop up some of the bumper harvest of food grains that rose from 232 mt last year to 253 mt this year have caused distortions in the private market for jute bags. While the…