Revisiting the Eswaran-Kotwal Model of Tenancy Maitreesh Ghatak and Dilip Mookherjee Abstract Persistence of sharecropping tenancy and increases in farm productivity following regulations protecting tenant rights have been observed in many developing countries. This paper examines if these can be explained by alternative models of sharecropping with two sided efforts/investments, namely, complete contract models […]
BREAD Working Paper No. 568, December 2019
Credit Rationing and Pass-Through in Supply Chains: Theory and Evidence from Bangladesh M. Shahe Emran, Dilip Mookherjee, Forhad Shilpi, M. Helal Uddin Abstract We extend standard models of price pass-through in an imperfectly competitive supply chain to incorporate rationing of trade credit. Credit rationing reverses predictions concerning effects of raw material import prices on pass-through […]
BREAD Working Paper No. 570, January 2020
Decentralized Targeting of Agricultural Credit Programs: Private versus Political Intermediaries Pushkar Maitra, Sandip Mitra, Dilip Mookherjee, Sujata Visaria Abstract We compare two different methods of appointing a local commission agent as an intermediary for a credit program. In the Trader-Agent Intermediated Lending Scheme (TRAIL), the agent was a randomly selected established private trader, while in […]
BREAD Working Paper No. 581, October 2020
Industrial Clusters, Networks and Resilience to the Covid-19 Shock in China Ruochen Dai, Dilip Mookherjee, Yingyue Quan, Xiaobo Zhang Abstract This paper examines resilience of Chinese firms to the Covid-19 shock, and how it varied with a cluster index (measuring spatial agglomeration of firms in related industries) at the county level. Two data sources are […]