Development Economics
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Inequality Traps (with Andy Newman), Working Paper. Latest Version: September 29, 2025.
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Capital Frictions, Nonconvexities and Misallocation (with Dilip Mookherjee), Working Paper. Latest Version: August 25, 2025.
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Public Service Delivery, Exclusion, and Externalities (with Alex Armand, Britta Augsburg, and Antonella Bancalari), Working Paper. Latest Version: April 9, 2025.
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Empowerment or Financialization? The Gains from Financial Inclusion (with T. Besley, K. Burchardi, and L. Xu). Working Paper. Latest version: July, 2024.
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Misallocation Implications of Security and Collateral Value of Land (with D. Mookherjee). Working Paper. Latest version: April 15, 2024
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Public Service Delivery, Exclusion, and Externalities (with Alex Armand, Britta Augsburg, and Antonella Bancalari), Working Paper, Last revised April 2025.
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Reassessing India’s Poverty Decline over the Missing Decade: 2011-12 to 2022-23 (with Rishabh Kumar), CEPR Discussion Paper DP19909, February, 2025.
Incentives and Organizations
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Organizational Purpose and the Dynamics of Motivation, (with T. Besley and L. Xu). Working Paper, April 2025.
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Can Discriminatory Behaviour Persist in Competitive Markets? (with Z. Wahhaj). Version: October 2018.
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Should all voluntary exchanges be legal? First version: September 2, 2014.
Other Papers
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The Role of Finance in the Process of Development: Improving Access versus Reducing Frictions, (with T. Besley and K. Burchardi). Working Paper. Latest version: April 2021.
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Why Do People Stay Poor? (with Clare Balboni, Oriana Bandiera, Robin Burgess, and Anton Heil), CEPR Discussion Paper DP14534. March, 2020.
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Market Incentives and the Evolution of Intrinsic Motivation, (with T. Besley). Working Paper. First version: February 2016.
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Repayment Frequency and Lending Contracts with Present-Biased Borrowers, (with Greg Fischer). Working Paper. Last Revised: September 2016.
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Notes on Theories of Sharecropping Tenancy and their Empirical Implications, Working Paper. Last revised: September 2015.
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Solving Agency Problems: Intrinsic Motivation, Incentives, and Productivity (with Tim Besley). Background paper for the World Development Report 2015. Last Revised: January 2014.
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Land Acquisition and Compensation in Singur: Results of a Survey, (with Sandip Mitra, Dilip Mookherjee, and Anusha Nath), Working Paper, March 2012 [See also press coverage, and op-ed].
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Microfinance, Market Structure, and Borrower Welfare in Microfinance: Regulatory Lessons from the Indian Crisis (with Jon de Quidt and Thiemo Fetzer), Working Paper, March 2012.
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Taxation and Regulation of Bonus Pay, (with Tim Besley), July 2011. (A less technical version was published in Vox and a shorter version in the AEA Papers and Proceedings, May 2013.
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Credit Rationing, Wealth Inequality and Allocation of Talent, October 2002, (with Massimo Morelli and Tomas Sjostrom). STICERD Theoretical Economics Discussion Paper TE/2002/441.
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Gun Control and the Self Defense Argument, Version: January 2001
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Reputation, Information Externalities, and Discrimination, Version: September 1999.
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Dynamic Incentives, Occupational Mobility, and the American Dream, Iowa State University Economic Report Series. 50, 1998.
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Empowerment and Efficiency: The Economics of Agrarian Reform, Working Paper 98-22, Department of Economics, MIT.
Older Papers
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