Market reforms and the criticality of institutions: a few issues in the Indian context

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DC Field	Value	Language
dc.contributor.author	Patibandla, Murali	-
dc.date.accessioned	2009-12-12T09:09:08Z	-
dc.date.available	2009-12-12T09:09:08Z	-
dc.date.copyright	1998-02	-
dc.date.issued	2009-12-12T09:09:08Z	-
dc.identifier.uri	http://hdl.handle.net/11718/547	-
dc.description.abstract	This paper brings out a few issues on how prevailing institutional conditions are inadequate for an efficient functioning of markets, and on the role of government policy in the transition period in the Indian context. We approach the issue of market institutions form the new institutional economics perspective. The basic argument of the paper is that the prevailing institutional conditions are not totally consistent and are inadequate with the spirit of free market economy and the approach of the reforms has been lopsided. To put it in the words of Williamson (1994), the approach of the reforms should be not just getting the prices right but getting the institutions right: to get the prices right one has to get the institutions right.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1428	-
dc.subject	Market economy	en
dc.subject	Institutional reforms	en
dc.subject	Institutional economics	en
dc.title	Market reforms and the criticality of institutions: a few issues in the Indian context	en
dc.type	Working Paper	en
Appears in Collections:	Working Papers

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