Sugata Marjit

"Sustainability of Product Market Collusion under Credit Market Imperfection"

In this paper, Sugata Marjit (with A. Mukherjee and L. Yang), shows, in terms of an infinitely repeated game theoretic framework, that markets with very little or extreme financial stringency would exhibit low degree of collusion, while moderate constraints may actually encourage collusion. Thus price cost margins should be non-monotonic with respect to dependence on external finance. This has implications for competition policy and credit led Business Cycle outcomes. This paper was recently presented at the Annual Conference of the Journal of Banking and Finance in Barcelona.

While at CESIfo, Mr Marjit will be working on a paper related to the interaction of credit market imperfection, inequality and international trade with heterogeneous firms in terms of asset holding in a general equilibrium framework. He and his collaborators will try to argue that unlike the standard outcome, redistributive policy may be inefficient and may drive capital away from a more equal society with lower production of credit intensive good.

Sugata Marjit's research interests are in international trade theory and policy, credit market, trade and industrial organisation, technology transfer and joint ventures in developing countries, economics of informal sector, corruption and governance, political economy and economics of status. His numerous publications are documented in his Wikipedia article.

Mr Marjit is Editor of the South Asian Journal of Macroeconomics and Public Finance (SAGE) and Associate Editor of Zeitschrift Für Nationalökonomie (Journal of Economics, Springer).

Sugata Marjit is currently the Reserve Bank of India Professor of Industrial Economics at the Centre for Studies in Social Sciences, Calcutta (CSSSC), India, the Vice Chancellor of University of Calcutta, India and Project Director of the Centre for Training and Research in Public Finance and Policy at CSSSC, a long term research project funded by the Finance Ministry, Govt. of India and External Research Fellow, GEP at the University of Nottingham. He was the first Sukhamay Chakravorty Professor of Development Planning at the Jawaharlal Nehru University, New Delhi, India and a Professor at the Indian Statistical Institute.