Kaushik Basu

Cornell University - Department of Economics

C Marks Professor

414 Uris Hall

Ithaca, NY 14853-7601

United States

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

Brookings Institution

1775 Massachusetts Ave, NW

Washington, DC 20036

United States

Cornell SC Johnson College of Business

Ithaca, NY 14850

United States

  • Cornell University - Department of Economics

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    • Tel: 607-255-2525
    • Fax: 607-255-2818

  • Brookings Institution

  • Cornell SC Johnson College of Business

SCHOLARLY PAPERS

61

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140

Scholarly Papers (61)

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1.

Punctuality: A Cultural Trait as Equilibrium

Number of pages: 20 Posted: 28 Jun 2002
Kaushik Basu and Jorgen W. Weibull
Cornell University - Department of Economics and Stockholm School of Economics - Department of Economics
Downloads 2,557 (11,889)
Citation 4

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Punctuality, coordination games, culture, norms

2.

Child Labor: Cause, Consequence, and Cure, with Remarks on International Labor Standards

Number of pages: 81 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 2,240 (14,701)
Citation 12

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3.

Sexual Harassment in the Workplace: An Economic Analysis with Implications for Worker Rights and Labor Standards Policy

Number of pages: 45 Posted: 19 Mar 2002
Kaushik Basu
Cornell University - Department of Economics
Downloads 1,765 (21,488)
Citation 2

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Sexual Harassment, occupational safety, discrimination, labor standards

4.

Markets and Regulation in the Age of Big Tech

Capitalism & Society, Volume 15, Issue 1 (2021)
Number of pages: 20 Posted: 16 Dec 2021
Kaushik Basu, Aviv Caspi and Robert C. Hockett
Cornell University - Department of Economics, Stanford University and Cornell University - Law School
Downloads 1,206 (37,875)

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digital revolution,Big Tech,vertically serrated industries,maroon theorem,profit sharing

5.

Social Norms and the Law

The New Palgrave Dictionary of Economics and the Law, (Peter Newman, ed.), May 1998
Number of pages: 16 Posted: 01 Dec 1997
Kaushik Basu
Cornell University - Department of Economics
Downloads 1,063 (45,518)
Citation 3

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6.

The Samaritan's Curse: The Challenge of Group Morality

Number of pages: 20 Posted: 03 Oct 2019
Kaushik Basu
Cornell University - Department of Economics
Downloads 997 (49,833)

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moral responsibility, paradox of morality, Samaritan’s Curse, Nash equilibria

7.

Gender and Say: A Model of Household Behavior with Endogenously-Determined Balance of Power

Number of pages: 44 Posted: 16 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 900 (57,407)
Citation 44

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Gender, Power, Household behavior, Female labor supply, Child labor

8.

Child Labor and the Law: Notes on Possible Pathologies

Number of pages: 11 Posted: 07 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 896 (57,761)
Citation 6

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child labor, law, labor standards,India

9.

The State of Economics, the State of the World

Downloads 793 (68,160)

The State of Economics, the State of the World

Number of pages: 17 Posted: 08 Nov 2019
Kaushik Basu
Cornell University - Department of Economics
Downloads 510 (118,200)

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economic thought, development, welfare, equilibrium, policymaking

The State of Economics, the State of the World

World Bank Policy Research Working Paper No. 7816
Number of pages: 19 Posted: 07 Oct 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 283 (230,583)

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Economic Policy, Institutions and Governance, Industrial Economics, Economic Theory & Research, Economic Growth

10.

Identity, Trust and Altruism: Sociological Clues to Economics Development

CAE Working Paper No. 06-05
Number of pages: 41 Posted: 11 Jan 2007
Kaushik Basu
Cornell University - Department of Economics
Downloads 635 (90,886)
Citation 4

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cooperation, trust, altruism, identity, development, Prisoner's Dilemma

11.

The Economics and Law of Rent Control

Number of pages: 41 Posted: 08 Dec 2004
Kaushik Basu and Patrick Munro Emerson
Cornell University - Department of Economics and Independent
Downloads 568 (104,713)

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12.

Efficiency Pricing, Tenancy Rent Control and Monopolistic Landlords

Number of pages: 20 Posted: 16 Nov 2001
Kaushik Basu and Patrick Munro Emerson
Cornell University - Department of Economics and Independent
Downloads 526 (115,279)
Citation 6

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Rent Control, Rent Regulation, Asymmetric Information, Adverse Selection, Monopoly.

13.

Is Literacy Shared within Households? Theory and Evidence from Bangladesh

Number of pages: 31 Posted: 15 Dec 2001
Kaushik Basu, Ambar Narayan and Martin Ravallion
Cornell University - Department of Economics, World Bank, Poverty Global Practice and Georgetown University
Downloads 505 (121,115)
Citation 6

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Household behavior, literacy, externalities, earnings, Bangladesh

14.

Ponzis: The Science and Mystique of a Class of Financial Frauds

World Bank Policy Research Working Paper No. 6967
Number of pages: 15 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 465 (133,879)

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National Governance, Non Bank Financial Institutions, Judicial System Reform, Social Funds and Pensions, Social Policy, Corruption and Anti-Corruption (Superceded), Legislation, Capital Markets and Capital Flows, Government Policies, Legal Products, Corruption & Anticorruption Law, Public Sector Economics, Public Finance Decentralization and Poverty Reduction, Youth and Governance, Legal Reform, Regulatory Regimes, Capital Flows

15.

Shared Prosperity and the Mitigation of Poverty: In Practice and in Precept

World Bank Policy Research Working Paper No. 6700
Number of pages: 37 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 459 (135,976)

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Rural Poverty Reduction, Achieving Shared Growth, Services & Transfers to Poor, Economic Theory & Research, Inequality

16.

Teacher Truancy in India: The Role of Culture, Norms and Economic Incentives

Number of pages: 17 Posted: 14 Jan 2007
Kaushik Basu
Cornell University - Department of Economics
Downloads 431 (146,317)
Citation 1

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Education, teachers, culture, incentives

17.

Consumer Cognition and Pricing in the 9's in Oligopolistic Markets

Number of pages: 30 Posted: 14 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 431 (146,317)
Citation 3

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18.

The Republic of Beliefs: A New Approach To?Law and Economics?

World Bank Policy Research Working Paper No. 7259
Number of pages: 54 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 400 (159,381)

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International Law, Judicial System Reform, Social Policy, Legislation, Legal Products, Regulatory Regimes, Legal Reform

19.

The Intriguing Relation between Adult Minimum Wage and Child Labor

Number of pages: 19 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 376 (170,839)

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minimum wage, child labour, unemployment

20.

International Credit and Welfare: A Paradoxical Theorem and its Policy Implications

MIT Department of Economics Working Paper No. 02-18
Number of pages: 38 Posted: 02 Mar 2005
Kaushik Basu and Hodaka Morita
Cornell University - Department of Economics and Hitotsubashi University - Institute of Economic Research
Downloads 374 (171,852)
Citation 2

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Bank-firm interaction, foreign aid, international credit, welfare comparison

21.

Globalization of Labor Markets and the Growth Prospects of Nations

World Bank Policy Research Working Paper No. 7590
Number of pages: 21 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 364 (177,139)
Citation 2

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Rural Labor Markets, Industrial Economics, Economic Growth, Economic Theory & Research, Labor Markets

22.

How to Move the Exchange Rate If You Must: The Diverse Practice of Foreign Exchange Intervention by Central Banks and a Proposal for Doing it Better

World Bank Policy Research Working Paper No. 6460
Number of pages: 27 Posted: 20 Apr 2016
Kaushik Basu and Aristomene Varoudakis
Cornell University - Department of Economics and World Bank
Downloads 364 (177,139)

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Debt Markets, Emerging Markets, Currencies and Exchange Rates, Economic Stabilization, Economic Theory & Research

23.

Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U

Downloads 346 (187,286)
Citation 12

Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U

IZA Discussion Paper No. 2736
Number of pages: 22 Posted: 26 Apr 2007 Last Revised: 17 Nov 2021
Kaushik Basu, Sanghamitra Das and Bhaskar Dutta
Cornell University - Department of Economics, Indian Statistical Institute and University of Warwick - Department of Economics
Downloads 186 (348,303)
Citation 7

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labor markets, child labor, land-holding, education

Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U

Number of pages: 21 Posted: 01 Mar 2007
Kaushik Basu, Sanghamitra Das and Bhaskar Dutta
Cornell University - Department of Economics, Indian Statistical Institute and University of Warwick - Department of Economics
Downloads 160 (398,625)
Citation 5

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child labor, land-holding, education, labor markets

24.

Household Labor Supply, Unemployment, and Minimum Wage Legislation

Number of pages: 35 Posted: 20 Apr 2016
Joseph E. Stiglitz, Garance Genicot and Kaushik Basu
Columbia University - Columbia Business School, Finance, Georgetown University - Department of Economics and Cornell University - Department of Economics
Downloads 341 (190,249)

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25.

The Collective Model of the Household and an Unexpected Implication for Child Labor: Hypothesis and an Empirical Test

Number of pages: 26 Posted: 20 Apr 2016
Ranjan Ray and Kaushik Basu
Monash University - Department of Economics and Cornell University - Department of Economics
Downloads 332 (195,882)

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26.

On Measuring Literacy

Number of pages: 42 Posted: 20 Apr 2016
Kaushik Basu and James E. Foster
Cornell University - Department of Economics and George Washington University
Downloads 332 (195,882)
Citation 3

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27.

Unemployment and Wage Rigidity When Labor Supply is a Household Decision

UC Irvine Economics Working Paper No. 00-01-11
Number of pages: 46 Posted: 04 Nov 2001
Kaushik Basu, Garance Genicot and Joseph E. Stiglitz
Cornell University - Department of Economics, Georgetown University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 323 (201,697)
Citation 3

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added worker, labor supply, unemployment, minimum wage, efficiency wage

28.

Asymmetric Punishment as an Instrument of Corruption Control

World Bank Policy Research Working Paper No. 6933
Number of pages: 21 Posted: 20 Apr 2016
Karna Basu, Kaushik Basu and Tito Cordella
CUNY Hunter College, Cornell University - Department of Economics and Johns Hopkins University - Bologna Center
Downloads 319 (204,426)
Citation 4

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Public Sector Corruption & Anticorruption Measures, Crime and Society, Corruption & Anticorruption Law, Social Accountability, Business Ethics, Leadership and Values

29.

Coercion, Contract and the Limits of the Market

CAE Working Paper No. 06-01
Number of pages: 32 Posted: 09 Nov 2006
Kaushik Basu
Cornell University - Department of Economics
Downloads 296 (221,552)
Citation 4

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Coercion, voluntary choice, contracts, markets, government intervention

30.

Labor Retrenchment Laws and Their Effect on Wages and Employment: A Theoretical Investigation

IZA Discussion Paper No. 2742
Number of pages: 37 Posted: 26 Apr 2007 Last Revised: 17 Nov 2021
Kaushik Basu, Gary Fields and Shub Debgupta
Cornell University - Department of Economics, Cornell University - School of Industrial and Labor Relations and PricewaterhouseCoopers, LLP
Downloads 253 (260,302)

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labor laws, retrenchment, severance pay, unemployment

31.

Alternative Labor Retrenchment Laws and Their Effect on Wages and Employment: A Theoretical Investigation with Special Reference to Developing Countries

CAE Working Paper No. 00-11
Number of pages: 34 Posted: 02 Nov 2000
Kaushik Basu, Gary Fields and Shub Debgupta
Cornell University - Department of Economics, Cornell University - School of Industrial and Labor Relations and PricewaterhouseCoopers, LLP
Downloads 239 (275,348)

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Labor Laws, Retrenchment, Severance Pay, Employment

32.

Markets and Manipulation: Time for a Paradigm Shift?

World Bank Policy Research Working Paper No. 7653
Number of pages: 30 Posted: 28 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 238 (276,457)
Citation 1

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Regulatory Regimes, Legislation, Social Policy, Judicial System Reform, Equity and Development, Legal Reform, Achieving Shared Growth, Pro-Poor Growth, National Governance, Government Policies, Public Finance Decentralization and Poverty Reduction, Legal Products, Public Sector Economics, Youth and Governance

33.

The Economics of Profit-Cap Policy: Big Pharma, Big Tech, and the Duopoly Rule

Journal of Economic Behavior and Organization, Forthcoming
Number of pages: 30 Posted: 03 Feb 2023 Last Revised: 31 Aug 2023
Kaushik Basu, Fikri Pitsuwan and Pengfei Zhang
Cornell University - Department of Economics, ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and The University of Texas at Dallas
Downloads 237 (277,609)

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Profit Cap, Nash Equilibrium, Duopoly Rule, Vaccine Shortage, Pharmaceutical Industry

34.

From Tapering to Tightening: The Impact of the Fed's Exit on India

World Bank Policy Research Working Paper No. 7071
Number of pages: 47 Posted: 20 Apr 2016
Kaushik Basu, Barry Eichengreen and Poonam Gupta
Cornell University - Department of Economics, University of California, Berkeley and World Bank
Downloads 225 (291,999)

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Economic Conditions and Volatility

35.

The Method of Randomization and the Role of Reasoned Intuition

World Bank Policy Research Working Paper No. 6722
Number of pages: 32 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 224 (293,255)
Citation 3

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Population Policies, Knowledge for Development, Educational Sciences, Economic Theory & Research, Agricultural Knowledge and Information Systems

36.

Aggregating Infinite Utility Streams with Inter-Generational Equity

Number of pages: 24 Posted: 10 May 2002
Kaushik Basu and Tapan Mitra
Cornell University - Department of Economics and Cornell University - Department of Economics
Downloads 215 (305,031)
Citation 2

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aggregating utility, social welfare function, inter-generational equity, Pareto

37.

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

Downloads 193 (337,499)
Citation 1

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

IZA Discussion Paper No. 3381
Number of pages: 38 Posted: 23 May 2008 Last Revised: 17 Nov 2021
Kaushik Basu and Amanda J. Felkey
Cornell University - Department of Economics and Cornell University
Downloads 193 (336,424)
Citation 1

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South Africa, racial differences, minimum wage law, efficiency wage, unemployment

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

Oxford Economic Papers, Vol. 61, Issue 3, pp. 494-516, 2009
Posted: 04 Jul 2009
Kaushik Basu and Amanda J. Felkey
Cornell University - Department of Economics and Cornell University

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38.

Participatory Equity, Identity, and Productivity: Policy Implications for Promoting Development

CAE Working Paper No. 06-06
Number of pages: 34 Posted: 17 Jan 2007
Kaushik Basu
Cornell University - Department of Economics
Downloads 181 (357,856)
Citation 6

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social integration, poverty, participatory equity, community identity

39.

Too Small to Regulate

World Bank Policy Research Working Paper No. 6860
Number of pages: 17 Posted: 20 Apr 2016
Kaushik Basu and Avinash Dixit
Cornell University - Department of Economics and Princeton University - Department of Economics
Downloads 165 (388,278)
Citation 3

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Regulatory Regimes, Markets and Market Access, Water and Industry, Public Sector Corruption & Anticorruption Measures, Public Sector Regulation

40.

When Competition Corrupts: A Theoretical Analysis of Market Structure and the Incidence of Corruption

World Bank Policy Research Working Paper No. 6596
Number of pages: 10 Posted: 20 Apr 2016
Kaushik Basu, Tamara McGavock and Boyang Zhang
Cornell University - Department of Economics, Cornell University and Cornell University, Department of Economics, Students
Downloads 164 (390,304)

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Public Sector Corruption & Anticorruption Measures, Water and Industry, Markets and Market Access, Gender and Law, Microfinance

41.

Sovereign Ratings in the Post-Crisis World: An Analysis of Actual, Shadow and Relative Risk Ratings

World Bank Policy Research Working Paper No. 6641
Number of pages: 29 Posted: 20 Apr 2016
Kaushik Basu, Supriyo De, Dilip Ratha and Hans Timmer
Cornell University - Department of Economics, World Bank, World Bank and World Bank
Downloads 148 (425,450)

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Debt Markets, Emerging Markets, Banks & Banking Reform, Economic Theory & Research, Currencies and Exchange Rates

42.

The Art of Currency Manipulation: How to Profiteer by Deliberately Distorting Exchange Rates

World Bank Policy Research Working Paper No. 6608
Number of pages: 15 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 147 (427,814)

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Markets and Market Access, Emerging Markets, Debt Markets, Currencies and Exchange Rates, Economic Theory & Research

43.

International Lending, Sovereign Debt and Joint Liability: An Economic Theory Model for Amending the Treaty of Lisbon

World Bank Policy Research Working Paper No. 6555
Number of pages: 31 Posted: 20 Apr 2016
Joseph E. Stiglitz and Kaushik Basu
Columbia University - Columbia Business School, Finance and Cornell University - Department of Economics
Downloads 146 (430,181)

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Debt Markets, Access to Finance, Banks & Banking Reform, Bankruptcy and Resolution of Financial Distress, Economic Theory & Research

44.

Is Knowledge Shared within Households?

Number of pages: 26 Posted: 20 Apr 2016
Martin Ravallion, Kaushik Basu and Ambar Narayan
Georgetown University, Cornell University - Department of Economics and World Bank, Poverty Global Practice
Downloads 136 (455,464)

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45.

Discrimination as a Coordination Device: Markets and the Emergence of Identity

World Bank Policy Research Working Paper No. 7490
Number of pages: 24 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 133 (463,757)

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Labor Markets, Employment and Shared Growth, Achieving Shared Growth, Equity and Development, Rural Labor Markets, Pro-Poor Growth

46.

Fiscal Policy as an Instrument of Investment and Growth

World Bank Policy Research Working Paper No. 6850
Number of pages: 19 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 133 (463,757)

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Debt Markets, Access to Finance, Emerging Markets, Bankruptcy and Resolution of Financial Distress, Non Bank Financial Institutions

47.

Experiments with the Traveler's Dilemma: Welfare, Strategic Choice and Implicit Collusion

CEIS Working Paper No. 188
Number of pages: 32 Posted: 24 Mar 2011
Kaushik Basu, Leonardo Becchetti and Luca Stanca
Cornell University - Department of Economics, University of Rome Tor Vergata - Faculty of Economics and University of Milan, Bicocca - Department of Economics
Downloads 127 (481,175)
Citation 3

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48.

Interlinkage, Limited Liability, and Strategic Interaction

Number of pages: 37 Posted: 20 Apr 2016
Kaushik Basu, Clive Bell and Pinaki Bose
Cornell University - Department of Economics, University of Heidelberg - South Asia Institute (SAI) and University of Memphis - Fogelman College of Business and Economics
Downloads 122 (496,454)

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interlinked contracts, limited liability, sequential moves

49.

The Globe and the Circle: Geometry and Economic Geography as Tribute to Thales and Nash

World Bank Policy Research Working Paper No. 7819
Number of pages: 12 Posted: 07 Oct 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 102 (567,617)

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50.

Literacy Traps: Society-Wide Education and Individual Skill Premia

IZA Discussion Paper No. 4047
Number of pages: 19 Posted: 17 Mar 2009 Last Revised: 17 Nov 2021
Vidya Atal, Kaushik Basu, John Gray and Travis Lee
Montclair State University - Feliciano School of Business, Cornell University - Department of Economics, Cornell University and Cornell University
Downloads 101 (571,679)

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O-ring, literacy, education, skill formation, traps

51.

Nash Equilibria of Games When Players'Preferences are Quasi-Transitive

World Bank Policy Research Working Paper No. 7037
Number of pages: 12 Posted: 20 Apr 2016
Kaushik Basu and Prasanta K. Pattanaik
Cornell University - Department of Economics and University of California, Riverside (UCR) - Department of Economics
Downloads 65 (741,038)

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Education for Development (superceded), Education For All, Educational Populations

52.

Nash on a Rotary: Two Theorems with Implications for Electoral Politics

World Bank Policy Research Working Paper No. 7701
Number of pages: 31 Posted: 19 Jul 2016
Kaushik Basu and Tapan Mitra
Cornell University - Department of Economics and Cornell University - Department of Economics
Downloads 52 (828,806)

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Peace & Peacekeeping

53.

The Dinosaur Risk: A Fable of Civilizational Collapse

Posted: 27 Dec 2019
Kaushik Basu
Cornell University - Department of Economics

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dinosaur risk, climate change, civilizational risk, Nash equilibrium, pollution tax

54.

The Rise of the Indian Economy: Fiscal, Monetary and Other Policy Challenges

Rivista Italiana degli Economisti, Vol. 2, August 2012
Posted: 01 Aug 2012
Kaushik Basu
Cornell University - Department of Economics

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Indian economic development, exchange rate intervention, fiscal policy, infrastructure, monetary policy

55.

The Economics of Child Labor: Reply

American Economic Review, Vol. 89, No. 5, 1999
Posted: 21 Dec 2008
Kaushik Basu and Van H. Pham
Cornell University - Department of Economics and Baylor University - Department of Economics

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56.

The Economics of Child Labor

American Economic Review, Vol. 88, No. 3, 1998
Posted: 21 Dec 2008
Kaushik Basu and Van H. Pham
Cornell University - Department of Economics and Baylor University - Department of Economics

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57.

Vulnerability, Unemployment and Poverty: A New Class of Measures, its Axiomatic Properties and Applications

BREAD Working Paper No. 069
Posted: 15 Apr 2005
Kaushik Basu and Patrick James Nolen
Cornell University - Department of Economics and Cornell University - Department of Economics

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Vulnerability, unemployment, poverty, welfare

58.

Compacts, Conventions and Codes: Initiatives for Higher International Labor Standards

Posted: 14 Apr 2002
Kaushik Basu
Cornell University - Department of Economics

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59.

The Intriguing Relation between Adult Minimum Wage and Child Labour

Posted: 13 Nov 2000
Kaushik Basu
Cornell University - Department of Economics

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60.

The Role of Norms and Law in Economics: An Essay on Political Economy

Working Paper #461
Posted: 21 May 1998
Kaushik Basu
Cornell University - Department of Economics

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61.

The Babu and the Boxwallah: Managerial Incentives and Government Intervention in a Developing Economy

REVIEW OF DEVELOPMENT ECONOMICS, October 21, 1996
Posted: 15 Jan 1997
Kaushik Basu, Arghya Ghosh and Tridip Ray
Cornell University - Department of Economics, UNSW Australia Business School, School of Economics and Indian Statistical Institute, New Delhi - Delhi Centre

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