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Intertemporal Allocation With a Non-Convex Technology: The Aggregative Framework.

M Majumdar… - Journal of Economic Theory, 1982 - csa.com
Convexity assumptions have played a dominant role in the development of the static
Walrasian equilibrium theory with a finite number of agents and of the normative theories of
productive efficiency and Pareto optimality. In the literature on extending the static theory ...
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[CITATION] Random exchange economies

RN Bhattacharya… - Journal of Economic …, 1973 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Random exchange economies. Rabindra Nath Bhattacharya and Mukul Majumdar.
Journal of Economic Theory, 1973, vol. 6, issue 1, pages 37-67. ...
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Chaotic tatonnement

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V Bala… - Economic Theory, 1992 - Springer
Summary Debreu's theorem on excess demand functions is used to demonstrate the
possibilities of ergodic and topological chaos in a discrete-time tatonnement process with
only two goods. The result is in sharp contrast with the well-known result of Arrow and ...
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[CITATION] Dynamic optimization under uncertainty: non-convex feasible set

M Majumdar, T Mitra… - Joan Robinson and Modern Economic Theory,(GR …, 1989
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Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects

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M Majumdar… - Economic Theory, 1994 - Springer
Summary We examine a discrete-time aggregative model of discounted dynamic
optimization where the felicity function depends on both consumption and capital stock. The
need for studying such models has been stressed in the theory of optimal growth and also ...
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Controlled semi-Markov models-the discounted case

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RN Bhattacharya… - Journal of Statistical Planning and …, 1989 - Elsevier
Abstract Let the state space S be a Borel subset of a complete separable metric space, the
action space A compact metric. Existence of stationary optimal policies is proved for general
semi-Markov models with possibly unbounded rewards. The corresponding dynamic ...
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[CITATION] Some general theorems on efficiency prices with an infinite-dimensional commodity space

M Majumdar - Journal of Economic Theory, 1972 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
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[CITATION] Global asymptotic stability results for multisector models of optimal growth under uncertainty when future utilities are discounted

WA Brock… - Journal of Economic Theory, 1978 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
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Dynamic optimization in non-convex models with irreversible investment: monotonicity and turnpike results

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M Majumdar… - Journal of Economics, 1982 - Springer
In this paper we give a virtually complete characterization of the structure and asymptotic
behavior of optimal programs in a one good model of intertemporal optimization
distinguished from the" classical" model by two important features:(i) The technology ...
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Strategy for economic reform in West Bengal

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A Banerjee, P Bardhan, K Basu… - Economic and Political …, 2002 - JSTOR
During the last two decades West Bengal has led the rest of the country with regard to
agricultural performance and implementation of panchayat institutions. But these
developments have begun to level out. At the same time the state has fallen behind in ...
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On a class of stable random dynamical systems: theory and applications

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R Bhattacharya… - Journal of Economic Theory, 2001 - Elsevier
We consider a random dynamical system in which the state space is an interval, and
possible laws of motion are monotone functions. It is shown that if the Markov process
generated by this system satisfies a splitting condition, it converges to a unique invariant ...
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A note on controlling a chaotic tatonnement

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V Bala, M Majumdar… - Journal of economic behavior & …, 1998 - Elsevier
The paper studies the possibility of 'targeting'or 'controlling'a chaotic tatonnement by suitable
perturbations of the law of motion. The analysis is in the context of a parametric class of
exchange economies which are shown to constitute the logistic family of dynamical ...
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Dynamic optimization with a non-convex technology: the case of a linear objective function

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M Majumdar… - The Review of Economic Studies, 1983 - restud.oxfordjournals.org
Abstract The paper studies the problem of optimal intertemporal allocation in an aggregative
model with a non-convex technology set and a discounted sum of consumptions as the
objective function. The study demonstrates the existence of a threshold initial stock such ...
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Controlled semi-Markov models under long-run average rewards

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RN Bhattacharya… - Journal of Statistical Planning and …, 1989 - Elsevier
Abstract Let the state space S be a Borel subset of a complete separable metric space, the
action space A compact metric. Existence of stationary optimal policies is proved and a
dynamic programming equation derived for general semi-Markov models under the long- ...
Cited by 28 - Related articles - All 3 versions

The nature of stochastic equilibria

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JR Green… - Econometrica: Journal of the Econometric Society, 1975 - JSTOR
This paper formulates the notion of stochastic equilibria as invariant probability distributions
consistent with the behavior patterns of individuals and the disequilibrium adjustment
mechanism of the economy. Conditions for existence, uniqueness, and stability of such ...
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Linear models of economic survival under production uncertainty

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M Majumdar… - Economic Theory, 1991 - Springer
Summary In this paper we consider the situation of an investor facing uncertainty, and
whose objective is to survive. First we characterize the probability of survival of a passive
agent who does not attempt to influence the evolution of the environment. Secondly, we ...
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Optimal growth in a stochastic environment: some sensitivity and turnpike results

M Majumdar… - Journal of Economic Theory, 1987 - Elsevier
Abstract We present an aggregative model of dynamic optimization under uncertainty and
seek to synthesize and extend results that apply to a number of well-studied stochastic
optimization exercises. First, the question of existence of a unique finite horizon optimal ...
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Some remarks on optimal growth with intertemporally dependent preferences in the neoclassical model

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M Majumdar - The Review of Economic Studies, 1975 - restud.oxfordjournals.org
In a number of recent papers attempts have been made to study problems of optimal
economic growth without making the assumption that the welfare function being maximized
is of the conventional additive separa~ le form. 3 With the usual neoclassical technology, ...
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A note on representing partial orderings

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M Majumdar… - The Review of Economic Studies, 1976 - JSTOR
Many of the binary relations traditionally used in economics are quasi-orderings
(preorderings) satisfying transitivity and reflexivity, or strict partial orderings satisfying
transitivity and asymmetry, and they are not necessarily complete. The Pareto relation is ...
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On characterizing optimal competitive programs in terms of decentralizable conditions

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WA Brock… - Journal of Economic Theory, 1988 - Elsevier
Abstract The paper considers a multisector model of intertemporal allocation with a primary
factor of production and the overtaking criterion of optimality. The optimal program is
characterized in terms of (i) period-by-period conditions on intertemporal profit and utility ...
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Parametric continuity in dynamic programming problems

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PK Dutta, MK Majumdar… - Journal of Economic Dynamics …, 1994 - Elsevier
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Strategic analysis of petty corruption: Entrepreneurs and bureaucrats

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A Lambert-Mogiliansky, M Majumdar… - Journal of Development …, 2007 - Elsevier
This paper develops a game-theoretic model of “petty corruption” by government officials.
Such corruption is widespread, especially (but not only) in developing and transition
economies. The model goes beyond the previously published studies in the way it ...
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[CITATION] Some approximation theorems on efficiency prices for infinite programs

M Majumdar - Journal of Economic Theory, 1970 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
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Optimal intertemporal allocation mechanisms and decentralization of decisions

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L Hurwicz… - Journal of Economic Theory, 1988 - Elsevier
Abstract Problems of achieving an efficient or optimal allocation of resources through a
system of decentralized decision-making when the planning horizon is unbounded and the
number of agents is infinite have been repeatedly raised, but have not been explored in a ...
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Global equilibrium dynamics with stationary recursive preferences

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J Benhabib, M Majumdar… - Journal of Economic Behavior & …, 1987 - Elsevier
Abstract We study the global dynamics of capital accumulation for a general two-sector
model which is not necessarily convex and where preferences of an infinitely-lived agent are
stationary but not additively separable. We obtain monotonicity and convergence results ...
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[PDF] On efficiency and Pareto optimality of competitive programs in closed multisector models

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M Majumdar, T Mitra… - Journal of Economic …, 1976 - econ.berkeley.edu
One of the well-known paradoxes of infinity is the possibility that a competitive program is
inefficient, such'inefficiency being linked to overaccumulation of capital. Recognition of the
serious implications of this fact has led to attempts to derive conditions that can isolate ...
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Efficiency prices in infinite dimensional spaces: A synthesis

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M Kurz… - The Review of Economic Studies, 1972 - JSTOR
Recent developments in the theory of capital have suggested new ways of dealing with the
problems while at the same time raised some serious conceptual and technical questions. In
this paper we confine our attention to the theory of characterizing efficient allocations over ...
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Stationary optimal policies with discounting in a stochastic activity analysis model

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M Majumdar… - Econometrica: Journal of the Econometric Society, 1983 - JSTOR
We consider optimal capital accumulation in a nonlinear activity analysis model in which
production and primary resource supplies are affected by a stationary stochastic process of
exogenous shocks; the optimality criterion is the sum of discounted expected future social ...
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Beyond Nandigram: Industrialisation in West Bengal

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AV Banerjee, P Bardhan, K Basu… - Economic and Political …, 2007 - JSTOR
If we are to learn the right lessons from the tragedy of Nandigram, then we must ensure that
the government is involved in the land acquisition process and that we correctly deal with
three sets of issues: the size and form of compensation, the eligibility for compensation ...
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PATTERNS OF TRADE AND GROWTH UNDER INCREASING RETURNS: ESCAPE FROM THE POVERTY TRAP*

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M Majumdar… - Japanese Economic Review, 1995 - Wiley Online Library
Majumdar, M. and Mitra, T.(1995), PATTERNS OF TRADE AND GROWTH UNDER
INCREASING RETURNS: ESCAPE FROM THE POVERTY TRAP. Japanese Economic
Review, 46: 207–223. doi: 10.1111/j. 1468-5876.1995. tb00012. x
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On the asymptotic behavior of stochastic economic processes* 1:: Two examples from intertemporal allocation under uncertainty

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H Föllmer… - Journal of Mathematical Economics, 1978 - Elsevier
Abstract Some of the recently developed models to deal with economic problems involving
uncertainty are based on simplifying assumptions on the nature of the stochastic law of the
environment influencing economic decisions. Relying on the theory of martingales, we ...
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Random dynamical systems: a review

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R Bhattacharya… - Economic Theory, 2003 - Springer
Summary. This paper provides a review of some results on the stability of random dynamical
systems and indicates a number of applications to stochastic growth models, linear and non-
linear time series models, statistical estimation of invariant distributions, and random ...
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A result on the transfer problem in international trade theory

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M Majumdar… - Journal of international Economics, 1985 - Elsevier
Abstract The purpose of this paper is to provide a result on the welfare effect of a transfer, in
a general equilibrium exchange model, with no arbitrary restrictions on either the number of
commodities traded or the number of countries. Our result can be stated as follows. The ...
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Efficient Intertemporal Allocation, Consumption-Value Maximization, and Capital-Value Transversality: A Unified View $, $ $

D Cass… - The Collected Scientific Work of David …, 2011 - books.google.com
In recent years, based on Malinvaud's seminal work Malinvaud (1953), there have been a
number of important contributions (McFadden, 1967; Kurz and Starrett, 1970; Cass, 1972;
Benveniste and Gale, 1975; Benveniste, 1976a, 1976b; Majumdar et al., 1976; Mitra and ...
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[CITATION] Decentralization in infinite horizon economies

M Majumdar - 1992 - Westview Pr
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Pareto optimality and competitive equilibrium in infinite horizon economies

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D McFadden, T Mitra… - Journal of Mathematical Economics, 1980 - Elsevier
Abstract The paper presents a general model of a decentralized economy evolving over an
infinite time horizon. Alternative notions of price systems, competitive equilibria, efficiency
and optimality are introduced. The main results characterize conditions under which the ...
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[CITATION] A note on the role of the transversality condition in signalling capital overaccumulation

T Mitra… - Journal of Economic Theory, 1976 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. A note
on the role of the transversality condition in signalling capital overaccumulation. Tapan Mitra
and Mukul Majumdar. Journal of Economic Theory, 1976, vol. 13, issue 1, pages 47-57. ...
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[CITATION] The Nature and Existence of Stochastic Equilibria

JR Green… - Harvard Institute of Economic Research, Discussion …, 1971
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Equilibrium prices in a random exchange economy with dependent agents

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M Majumdar… - Economic Theory, 2000 - Springer
Summary. This paper presents a model of a Walrasian exchange economy in which the
preferences and endowments of the agents are random. Stochastic interaction among the
agents is formally described in terms of dependency neighborhoods. The main result is a ...
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Robust ergodic chaos in discounted dynamic optimization models

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M Majumdar… - Economic Theory, 1994 - Springer
Summary We identify a family of discounted dynamic optimization problems in which the
immediate return function depends on current consumption, capital input and a taste
parameter. The usual monotonicity and concavity assumptions on the return functions and ...
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[CITATION] On shifting temporary equilibrium

DS Christiansen… - Journal of Economic …, 1977 - econpapers.repec.org
By Daniel S. Christiansen and Mukul K. Majumdar; On shifting temporary equilibrium.
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Petty corruption: A game‐theoretic approach

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A Lambert‐Mogiliansky… - International Journal of …, 2008 - Wiley Online Library
The paper explores a game-theoretic model of petty corruption involving a sequence of
entrepreneurs and a track of bureaucrats. Each entrepreneur's project is approved if and
only if it is cleared by each bureaucrat. The project value is stochastic; its value is ...
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Decentralized evolutionary mechanisms for intertemporal economies: A possibility result

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V Bala, M Majumdar… - Journal of Economics, 1991 - Springer
We consider a stationary, infinite horizon aggregative model with one consumer and one
producer living in each period. A decentralized intertemporal mechanism, satisfying the
following “evolutionary” property, is constructed: if the current period's producer and ...
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Decentralization in infinite horizon economies: An introduction

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M Majumdar - Journal of Economic Theory, 1988 - Elsevier
Abstract The paper summarizes some issues involved in developing a theory of
decentralized resource allocation mechanism in infinite horizon economies. Even in a
classical environment, a competitive mechanism may lead to an inefficient or nonoptimal ...
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Inequality and welfare in market economies

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JE Foster, MK Majumdar… - Journal of Public Economics, 1990 - Elsevier
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[PDF] Survival under production uncertainty

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M Majumdar… - Equilibrium and dynamics, London: …, 1992 - pages.stern.nyu.edu
In this study we explore some questions related to the'survival'and'failure'of an economic
agent. Our theme is unquestionably removed from the mainstream of analysis in economics,
where the emphasis is on optimisation-more on'achieving the best'than on'averting failure' ...
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Estimating the stationary distribution of a Markov chain

[PDF] from ias.ac.in
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KB Athreya… - Economic Theory, 2003 - Springer
Summary. Let be a Markov chain with a unique stationary distribution. Let h be a bounded
measurable function. Write and. This paper explores conditions for the consistency and
asymptotic normality of the estimate of of assuming the existence of a solution to the ...
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[CITATION] A note on learning and optimal decisions with a partially observable state space

M Majumdar - 1980 - Cornell University Press
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[CITATION] Identifying leading sectors that accelerate the optimal growth rate: a computational approach

M Majumdar… - CONTRIBUTIONS TO ECONOMIC …, 1999 - NORTH HOLLAND
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Trade under temporary equilibrium:: Evolution in a loglinear world

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HY Wan, M Majumdar - Journal of International Economics, 1980 - Elsevier
Abstract The paper develops a model of a competitive world in which several countries are
engaged in the production, consumption, and exchange of many commodities over time.
Each agent produces a single good, and trades it for the required inputs and consumption ...
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On characterizing the probability of survival in a large competitive economy

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RN Bhattacharya… - Review of Economic Design, 2001 - Springer
Abstract. We consider a Walrasian exchange economy in which an agent is characterized by
a utility function, a random endowment vector, and a function that specifies the minimum
expenditure necessary for survival at a given price system. If at any equilibrium price ...
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Dynamical systems subject to random shocks: An introduction

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R Bhattacharya… - Economic Theory, 2003 - Springer
In his influential article Frisch (1933) suggested alternative routes for research on macrodynamics
and remarked: “One way which I believe is particularly fruitful and promising is to study what
would become of the solution of a deterministic dynamic system if it were exposed to a ...
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[BOOK] Organizations with incomplete information: essays in economic analysis: a tribute to Roy Radner

M Majumdar - 1998 - books.google.com
There have been systematic attempts over the last twenty-five years to explore the
implications of decision making with incomplete information and to model an'economic
man'as an information-processing organism. These efforts are associated with the work of ...
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[CITATION] A General Theory of Efficiency Prices for Economies with Infinitely Many Commodities

M Majumdar - 1974 - University of California, Berkeley
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Feasible alternatives under deteriorating terms of trade

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T Mitra, M Majumdar… - Journal of International Economics, 1982 - Elsevier
Abstract The paper presents a dynamic general equilibrium model of a small open economy
which employs an essential imported input in production. The economy is said to be capable
of survival, if, given the technology and the time-path of world prices, there is at least one ...
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Chaotic dynamical systems: an introduction

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M Majumdar - Economic Theory, 1994 - Springer
In his Memoirs, Stigler (1988, p. 78) observed that economic" theorists like new and strange
constructs that create a new world or change the way of looking at the current one". If this is
a correct description of the preferences of economic theorists, one ought to expect ...
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A note on closing the windows: Some lessons from queuing theory

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KB Athreya… - International Journal of Economic …, 2005 - Wiley Online Library
Consider two departments of a government each serving customers of a particular type. We
explore conditions under which a reorganization leading to both departments serving both
types of customers leads to an enhancement of “efficiency” defined in terms of the ...
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Intertemporal allocation with a non-convex technology

M Majumdar - Handbook on Optimal Growth 1, 2006 - Springer
In his famous article on increasing returns and economic progress, Young (1928) concluded
with the following summary: “In recapitulation of these variations of a theme from Adam Smith
there are three points to be stressed. First, the mechanism of increasing returns is not to ...
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Robust chaos in dynamic optimization models

M Majumdar… - Ricerche Economiche, 1994 - Elsevier
Abstract The purpose of this paper is to investigate the (theoretical) importance of chaos as a
phenomenon occurring in dynamic optimization problems. The intertemporal models we
focus on are specified by a standard aggregative production function, an immediate return ...
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[CITATION] Complexities of concrete walrasian systems

M Majumdar… - Issues in economic theory and policy. Essays in …, 1997
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[CITATION] Forty Years of Planning

M Majumdar - Professor's lecture notes from Cornell University course …, 2001
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[CITATION] Capital, investment and development essays in memory of sukhamoy chakravarty

K Basu, M Majumdar… - Recherche, 1998 - lavoisier.fr
Livre: Capital, investment and development essays in memory of sukhamoy
chakravarty BASU Kaushik, MAJUMDAR Mukul, MITRA Tapan.
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Intertemporal decentralization

M Majumdar… - Finnish Economic Papers, 1991 - ideas.repec.org
The classic papers of Malinvaud and Samuelson pointed out that even in» classical> infinite
horizon economies a competitive program of resource allocation need not be efficient or
Pareto optimal. This led to the more general question of designing allocation mechanisms ...
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Some general results on equilibrium prices in large random exchange economies

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M Majumdar… - Annals of Operations Research, 2002 - Springer
In this paper we are concerned with a model of a Walrasian exchange economy in which the
preferences and endowments of the agents are random. Stochastic interaction among the
agents is formally described in terms of dependency neighborhoods. The main result ...
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Strategic analysis of petty corruption with an intermediary

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A Lambert-Mogiliansky, M Majumdar… - Review of Economic …, 2009 - Springer
Abstract This note reports part of a larger study of “petty corruption “by government
bureaucrats in the process of approving new business projects. Each bureaucrat may
demand a bribe as a condition of approval. Entrepreneurs use the services of an ...
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Resource allocation in non-Walrasian environments* 1:: Some analytical and simulation results

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V Bala, M Majumdar… - Journal of Economic Behavior & …, 1991 - Elsevier
Abstract We are interested in resource allocation mechanisms that perform satisfactorily in
environments which are problematic for the Walrasian equilibrium theory and the
tatonnement. The B (idding)-process of Hurwicz-Radner-Reiter is informationally ...
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[CITATION] On Convergence on Random Price Equilibia

Stanford University. Institute for Mathematical Studies … - 1971
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[CITATION] Equilibrium and Dynamics: Essays in Honour of David Gale

D Gale… - 1992 - St. Martin's Press
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[CITATION] Complicated behavior in models with two commodities: a review

M Majumdar - Trade, Theory, and Econometrics: Essays in Honor of …, 1999 - Routledge
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[CITATION] Strategy for Economic Reform in West Bengal

B Abhijit, P Bardhan, K Basu, MD Chaudhuri… - Economic and Political …, 2002
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[CITATION] Equilibrium and Adjustment in Random Economies

M Majumdar - 1972 - Institute for Mathematical Studies in …
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[CITATION] Comparative dynamics and chaos in capital accumulation models

MK Majumdar - Capital, investment and development, 1993
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Stochastic equilibrium: Concepts and computations for Lindley processes

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S Iams… - International Journal of Economic …, 2010 - Wiley Online Library
1. We would like to thank Professors RN Bhattacharya and NU Prabhu for their guidance in
studying the Examples 2.1 and 3.1. Thanks are also due to Professors R. Radner and S. Roy
for references to the literature on resource management problems and to Professor M. ...
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Decentralisation and Optimality

M Majumdar - Economic and Political Weekly, 2000 - JSTOR
This paper touches upon some issues involving decentralisation, efficiency and the role of
prices. Some of the ideas brought together here may be of interest to policy-makers
interested in the role of the state in the era of'liberalisation'. The first part of the paper deals ...
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[CITATION] Dynamic Programming for Discounted and Long-Run Average Rewards

RN Bhattacharya… - 1984 - Social Systems Research Institute, …
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[CITATION] Equilibrium and Uncertainty

M Majumdar - Working Papers, 2002 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update
your bookmarks. Equilibrium and Uncertainty. Mukul Majumdar Additional
contact information Mukul Majumdar: Cornell U. ...
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Survival under uncertainty in an exchange economy

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N Hashimzade… - Lecture Notes-Monograph Series, 2003 - JSTOR
The paper explores a number of issues related to economic survival in market economies.
An individual agent may fail to survive (may be ruined) if it faces a collapse of endowment or
unfavorable terms of trade. The role of" intrinsic" and" extrinsic" uncertainty in triggering ...
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[CITATION] Modified Golde-Rule: Existence in An N-Sector Economy Under Uncertainty

M Majumdar, I Zilcha… - 1979 - Foerder Institute for Economic …
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[CITATION] Contract Farming

A Banerjee, P Barhan, K Basu… - Economic and Political …, 2003 - JSTOR
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Equilibrium and uncertainty

M MUKUL - Recherche, 2006 - lavoisier.fr
" Professor Majumdar has given us an admirable and unified account of general economic
equilibrium theory, both as it was developed by Arrow and Debreu and their contemporaries,
and beyond them to more recent developments. These latter topics comprise ...
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[CITATION] The following articles are among those newly accepted for publication in the Journal of Economic Theory. They are listed alphabetically by the first

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WA BROCK, MMOCO Competitive - Journal of economic theory, 1988 - Academic Press.
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An Axiomatization of the Walras Correspondence in Infinite Dimensional Spaces

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M Majumdar… - International Economic Review, 1997 - JSTOR
This paper presents a generalization of earlier results on the axiomatization of the Walras
correspondence to generalized (pure exchange) economies, where the commodity space is
the positive cone in an ordered locally convex topological vector space. Our main result ...
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[CITATION] EMS and Partyless Panchayats

A Banerjee, P Bardhan, K Basu… - Economic and Political …, 2003 - JSTOR
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[CITATION] 5. Identifying the Leading Sector Analytics of a Linear Hayek-Inada Economy

M Majumdar, I Ossella-Durbal - Economic theory in …, 2005 - Oxford University Press, USA
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Economics according to Tapan Mitra: An introduction

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K Basu, M Majumdar… - International Journal of …, 2010 - Wiley Online Library
If one has to choose a starting point for a brief sketch of intertemporal allocation theory, one
can begin in the fifties when a rigorous elaboration of the Walras–Pareto theory for a static
economy was completed. With a reinterpretation of a finite-dimensional commodity space ...
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[CITATION] India: Macroeconomics and political economy 1964- 1991, Vijay Joshi...(Eds.): Washington, World Bank[ua], 1994

MK Majumdar - Journal of development economics, 1997
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[CITATION] CLOSING THE WINDOWS: SOME REFLECTIONS ON PETTY CORRUPTION

M Majumdar - Rabindra Bharati journal of political …, 2005 - Rabindra Bharati University
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[CITATION] JOURNAL or ECONOMIC THEORY 2, 437 (1970)

GA AKERLOF, AB ATKINSON, TC BERGSTROM… - Journal of economic theory, 1970
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[CITATION] India: Macroeconomics and political economy 1964-1991: Vijay Joshi and IMD Little (Eds.), World Bank, Washington, DC, 1994, pbk $25, ISBN 0-8213- …

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M Majumdar - Journal of Development Economics, 1997 - econpapers.repec.org
By Mukul Majumdar; India: Macroeconomics and political economy 1964-1991: Vijay Joshi and
IMD Little (Eds.), World Bank, Washington, DC. ... 325, pp xviii + 397, ISBN 0-19 563649-X. Mukul
Majumdar. Journal of Development Economics, 1997, vol. 53, issue 1, pages 211-218. ...
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[PDF] Strategic Analysis of Influence Peddling

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MMSH Yoo - 2011 - economics.cornell.edu
Page 1. ISSN 1936-5098 CAE Working Paper #11-04 Strategic Analysis of Influence Peddling
by Mukul Majumdar and Seung Han Yoo July 2011 Page 2. Strategic Analysis of Influence
Peddling" Mukul Majumdar&and Seung Han Yoo' February 20, 2011 Abstract ...
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[CITATION] JOURNAL or ECONOMIC THEORY 2, 399-410 (1970)

M MAJUMDAR - Journal of economic theory, 1970
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Chaotic tatonnement

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V Bala… - Economic Theory, 1993 - Springer
The paper by Bala and Majumdar [1] contains some misprints which are cor- rected below. 9
On page 439, in line 6 from the bottom one should read: "exists a proba- bility measure v
satisfying: (i) v is absolutely continuous..." ... 9 On page 441, in line 10 from the top one ...
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[PDF] Equilibrium and Uncertainty I. Equilibrium

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M Majumdar - 2002 - economics.cornell.edu
*These notes are based on the expository lectures given at the Indian Institute of
Management, Calcutta, in August, 2001. Part I covers the first two lectures. Part II will cover the
third lecture. The last lecture was based on my paper with Rabi Bhattacharya which ...
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[PDF] Failure of a Credit System: Implications of the Large Deviation Theory

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R Bhattacharya… - Working Papers, 2010 - arts.cornell.edu
1 Introduction э Suppose each of NA= N/A customers (n≥ 1) receives a loan of A dollars
from a bank, and the probability is p that the customer will return RA dollars to the bank at
the end of the year (R> 1), and the probability is 1− p that he or she will default, returning ...
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Strategic Analysis of Influence Peddling

M Majumdar… - Working Papers, 2011 - ideas.repec.org
This paper analyzes" Influence Peddling" with interaction between human capital transfer
and collusion-building aspects in a model, in which each government official regulates
multiple firms simultaneously. We show that (i) there exists an" optimal" division rule for ...
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Survival, Uncertainty, and Equilibrium Theory: An Exposition

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M Majumdar… - Essays in Dynamic General Equilibrium …, 2005 - Springer
The last twenty years have witnessed a significant growth of the literature on the “survival
problem”, primarily in the context of the causes and remedies of famines. Once a subject
essentially of empirical development economics, economic survival became an issue of ...
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[CITATION] Institute of Mathematical Statistics Lecture Notes-Monograph Series

N Hashimzade… - projecteuclid.org
Abstract The paper explores a number of issues related to economic survival in market
economies. An individual agent may fail to survive (may be ruined) if it faces a collapse of
endowment or unfavorable terms of trade. The role of" intrinsic" and" extrinsic" uncertainty ...
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[PDF] Strategic Analysis of Petty Corruption: Entrepreneurs and Bureaucrats

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A Lambert, MM Mogiliansky… - 2005 - enpc.fr
Abstract This paper develops a game $ theoretic model of npetty corruptionoby gov $
ernment offi cials. Such corruption is widespread, especially (but not only) in developing and
transition economies. The model goes beyond the previ $ ously published studies in the ...
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[CITATION] Corrigendum: Chaotic Tatonnement

V Bala… - Economic Theory, 1993 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
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[CITATION] Equilibrium, Welfare and Uncertainty

M Mukul - 2007 - Routledge
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