Professor and Department Chair
University Distinguished Professor
Ph.D., Cornell University
Umphrey Lee 301A
I am a microeconomic theorist with research interests in the areas of industrial organization, information economics, natural resources, international trade and economic growth.
One strand of my research focuses on economic incentives under incomplete information; problems studied include dynamic trading under asymmetric information, signaling and strategic communication of private information in oligopolies, and dynamic charitable fundraising under incomplete information.
A second strand of research focuses on dynamic incentives and resource allocation over time; in particular, I have worked on problems of sustaining positive consumption under uncertainty, economic growth in the presence of technological non-convexities, extinction and conservation of renewable resources, control of invasive species, deforestation and the dynamics of industry structure and technological change.
I have also worked on issues related to strategic trade policy and trade agreements.
My current research topics include the effect of risk aversion on convergence to positive steady state in a model of stochastic growth, the effect of global trade negotiations on regional trade agreements, the effect of disclosure regulation on strategic information acquisition and the role of advertising when firms can engage in costly misinformation.
I grew up in the state of Assam in north eastern India. I studied at the University of Delhi, and then at Cornell University (Ithaca, NY) from where I received my doctorate. I taught at Erasmus University (Rotterdam, The Netherlands) and Florida International University (Miami, FL) before joining SMU in 2003. I served as Director of Graduate Studies in Economics from 2006 to 2014 and currently serve as Department Chair. In 2013-14, I served as President of the Faculty Senate and a member of the SMU Board of Trustees.
Microeconomic Theory and Applications, Industrial Organization, Dynamic Models, Economics of Natural Resources and the Environment, Applied Game Theory, International Trade and Policy
Microeconomic Theory, Industrial Organization and Mathematics for Economics
- “Competition, Disclosure and Signaling” (with M.C.W. Janssen), Economic Journal, 125, 86-114 (2015).
- “Sustained Positive Consumption in a Model of Stochastic Growth: The Role of Risk Aversion" (with T. Mitra), Journal of Economic Theory 147, 850-880 (2012).
- "Signaling quality through prices in an oligopoly" (with M.C.W. Janssen), Games and Economic Behavior 68, 192-207 (2010).
- "Repeated charitable contributions under incomplete information" (with P. Bag), Economic Journal 118, 60-91 (2008).
- "A Non-smooth, Non-Convex Model of Economic Growth" (with T. Kamihigashi), Journal of Economic Theory 132, 435-560 (2007)
- "Optimal Exploitation of Renewable Resources under Uncertainty and the Extinction of Species" (with T. Mitra), Economic Theory 28, 1-23 (2006).
- "Dynamic Trading in a Durable Good Market with Asymmetric Information" (with M.C.W. Janssen), International Economic Review 43, 257 – 282 (2002).
- "Dynamic Efficiency of Renewable Resource Conservation under Uncertainty" (with L.J. Olson), Journal of Economic Theory 95(2), 186-214 (2000).
- “Cost Reducing Investment, Competition and Industry Dynamics" (with Emmanuel Petrakis), International Economic Review 40, 381-401 (1999).
- "The Learning Curve in a Competitive Industry" (with E. Petrakis and E. Rasmusen), Rand Journal of Economics, 28, 248-268, 1997.
- "On Conservation of Renewable Resources with Stock-Dependent Return and Non- Concave Production" (with L.J. Olson), Journal of Economic Theory 70,133-157 (1996).
- 2014 Dedman Family Distinguished Professor
- Distinguished University Citizen Award
- Gerald J. Ford Research Fellowship, SMU, 2006.
- Faculty Award for Excellence in Research, FIU, 2002.
- GDIACC Award for Outstanding Contribution to Education, 2009.
- Research Fellow, Research Institute of Economics and Business Administration (RIEB), Kobe University, Japan 2013.
- Research Fellow, Tinbergen Institute, Rotterdam, The Netherlands, 1997.
- Honorary Professor, Higher School of Economics, Moscow, Russia, 1997.