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Selected Works

Aniruddha Bagchi

2008

Articles 1 - 2 of 2

Full-Text Articles in Economics

“Selling Licenses For A Process Innovation: The Impact Of The Product Market On The Selling Mechanism, Aniruddha Bagchi Dec 2007

“Selling Licenses For A Process Innovation: The Impact Of The Product Market On The Selling Mechanism, Aniruddha Bagchi

Aniruddha Bagchi

This article considers the sale by a research lab of licences for a cost-reducing innovation. The marginal cost of a firm that wins a licence is private information and the acquisition of a licence imposes a negative externality on the other firms. The lab’s optimal revenue is determined from a class of mechanisms in which the lab selects the number of licences and the reserve price before the sale. The role of the downstream product market in the determination of the number of licences is analyzed. Furthermore, it is also shown that the optimal reserve price may be zero.

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A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Aniruddha Bagchi, Ashok Roy Dec 2007

A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Aniruddha Bagchi, Ashok Roy

Aniruddha Bagchi

The centerpiece of the 2007 Report by Goldman Sachs is the prediction of India’s phenomenal economic growth and power in the next few decades. In this article we critique the conceptual validity of that prognosis. In particular, we highlight several hard and soft infrastructure impediments to India’s emergence as a major economic power.

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