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Nash equilibria of games when players' preferences are quasi-transitive (English)

Much of game theory is founded on the assumption that individual players are endowed with preferences that can be represented by a real-valued utility function. ... See More +

Policy Research Working Paper WPS7037 SEP 01, 2014

Basu, Kaushik; Pattanaik, Prasanta K.

Ponzis : the science and mystique of a class of financial frauds (English)

Ponzis are among the most ubiquitous and least understood phenomena of economic life. They acquired a certain salience with the global financial crisis of 2008 and the crash of Bernie Madoff’s celebrated Ponzi scheme. ... See More +

Policy Research Working Paper WPS6967 JUL 01, 2014

Basu, Kaushik

Asymmetric punishment as an instrument of corruption control (English)

The control of bribery is a policy objective in many developing countries. It has been argued that asymmetric punishments could reduce bribery by incentivizing whistle-blowing. ... See More +

Policy Research Working Paper WPS6933 JUN 01, 2014

Basu, Karna; Basu, Kaushik; Cordella, Tito

Fiscal policy as an instrument of investment and growth (English)

This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a critical driver of economic growth, but infrastructure entails significant up-front costs that yield benefits after a time lag. ... See More +

Policy Research Working Paper WPS6850 MAY 01, 2014

Basu, Kaushik

Too small to regulate (English)

The paper argues that to achieve compliance of firms with regulations such as product quality or environmental or health standards it is better to have industries with a few large corporations than numerous small firms. ... See More +

Policy Research Working Paper WPS6860 MAY 01, 2014

Basu, Kaushik; Dixit, Avinash

The method of randomization and the role of reasoned intuition (English)

The method of randomization has been a major driver in the recent rise to prominence of empirical development economics. It has helped uncover patterns and facts that had earlier escaped attention. ... See More +

Policy Research Working Paper WPS6722 DEC 01, 2013

Basu, Kaushik

Capital for the future : saving and investment in an interdependent world (Chinese)

The aim of this edition of global development horizons is to build scenarios for the global economy over, roughly, the next two decades, with special focus given to saving and investment. ... See More +

Publication 77743 NOV 05, 2013

Dailami, Mansoor; Bussolo, Maurizio; Timmer, Hans; Basu, Kaushik English

Shared prosperity and the mitigation of poverty : in practice and in precept (English)

The World Bank Group recently adopted two overarching goals -- the end of extreme, chronic poverty in the world by 2030 and the promotion of shared prosperity in every society. ... See More +

Policy Research Working Paper WPS6700 NOV 01, 2013

Basu, Kaushik

Sovereign ratings in the post-crisis world : an analysis of actual, shadow and relative risk ratings (English)

This paper analyzes the evolution of sovereign credit ratings in the wake of the global financial crisis by studying changes in actual, shadow, and relative ratings between 2008 and 2012. ... See More +

Policy Research Working Paper WPS6641 OCT 01, 2013

Basu, Kaushik; De, Supriyo; Ratha, Dilip; Timmer, Hans

When competition corrupts : a theoretical analysis of market structure and the incidence of corruption (English)

The paper develops a simple model to demonstrate that, paradoxically, greater competition may exacerbate the problem of corruption. Market participants engaging in corrupt practices enjoy lower production costs -- maybe because they pay a bribe to avoid installing the environmental safeguards required by law -- such that honest players are driven out of the market when the market becomes sufficiently competitive. ... See More +

Policy Research Working Paper WPS6596 SEP 01, 2013

Basu, Kaushik; McGavock, Tamara; Zhang, Boyang

The art of currency manipulation : how to profiteer by deliberately distorting exchange rates (English)

A frequent charge in foreign exchange markets in developing countries is that of manipulators being at work. Since to buy is to raise prices and to sell is to lower prices, the question that naturally arises is whether the widespread charge of market manipulation is valid. ... See More +

Policy Research Working Paper WPS6608 SEP 01, 2013

Basu, Kaushik

International lending, sovereign debt and joint liability : an economic theory model for amending the treaty of Lisbon (English)

As the Eurozone crisis drags on, it is evident that a part of the problem lies in the architecture of debt and its liabilities within the Eurozone and, more generally, the European Union. ... See More +

Policy Research Working Paper WPS6555 AUG 01, 2013

Basu , Kaushik; Stiglitz, Joseph E.

Capital for the future : saving and investment in an interdependent world (English)

The aim of this edition of global development horizons is to build scenarios for the global economy over, roughly, the next two decades, with special focus given to saving and investment. ... See More +

Publication 77743 MAY 09, 2013

Dailami, Mansoor; Bussolo, Maurizio; Timmer, Hans; Basu, Kaushik Chinese

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 (English)

The paper is about the art of exchange rate management by central banks. It begins by reviewing the diversity of objectives and practices of central bank intervention in the foreign exchange market. ... See More +

Policy Research Working Paper WPS6460 MAY 01, 2013

Varoudakis, Aristomene; Basu, Kaushik

The global child labor problem : what do we know and what can we do? (English)

The problem of child labor has moved from a matter of regional and national concern to one of international debate and possible global persuasion and policy intervention. ... See More +

Journal Article 77409 MAY 01, 2003

Basu, Kaushik; Tzannatos, Zafiris

Child labor and development : an introduction (English)

Long neglected by economists, child labor has experienced a sudden resurgence of interest as a subject of research and analysis since the mid-1990s. ... See More +

Journal Article 77405 MAY 01, 2003

Basu, Kaushik; Tzannatos, Zafiris

The World Bank economic review 17 (2) (English)

Child labor and development : an introduction, by Kaushik Basu and Zafiris Tzannatos. The global child labor problem : what do we know and what can we do, by Kaushik Basu and Zafiris Tzannatos. ... See More +

Publication 38875 JAN 01, 2003

Tzannatos, Zafiris; Ferreira, Francisco H. G.; Basu, Arnab K.; Humphries, Jane; Leite, Phillipe G.; Satz, Debra; Roseiaers, Frans; Basu, Kaushik; Chau, Nancy H.; Bourguignon, Francois; Fyfe, Alec; Bhalotra, Sonia; Camillo Rosati, Furio; Rossi, Mariacristina; Heady, Christopher

The collective model of the household and an unexpected implication for child labor : hypothesis and an empirical test (English)

The authors use the collective model of the household and show, theoretically, that as the woman's power rises, child labor will initially fall, but beyond a point it will tend to rise again. ... See More +

Policy Research Working Paper WPS2813 MAR 31, 2002

Basu, Kaushik; Ray, Ranjan

Is knowledge shared within households? (English)

According to theory, a member of a collective-action household may or may not share knowledge with others in that household. Shared income gains from shared knowledge may well be offset by a shift in the balance of power within the family. ... See More +

Policy Research Working Paper WPS2261 DEC 31, 1999

Basu, Kaushik; Narayan, Ambar; Ravallion, Martin

The intriguing relation between adult minimum wage and child labor (English)

Because most parents send their children to work when compelled by poverty, one would expect a rise in adult wage to lower child labor. However, if the rise in wage is achieved by a minimum wage law, its impact can be intriguing. ... See More +

Policy Research Working Paper WPS2173 AUG 30, 1999

Basu, Kaushik

Title Document Date Report No. Document Type Also available in
Nash equilibria of games when players' preferences are quasi-transitive (English)
See More +
SEP 01, 2014 WPS7037 Policy Research Working Paper
Ponzis : the science and mystique of a class of financial frauds (English)
See More +
JUL 01, 2014 WPS6967 Policy Research Working Paper
Asymmetric punishment as an instrument of corruption control (English)
See More +
JUN 01, 2014 WPS6933 Policy Research Working Paper
Fiscal policy as an instrument of investment and growth (English)
See More +
MAY 01, 2014 WPS6850 Policy Research Working Paper
Too small to regulate (English)
See More +
MAY 01, 2014 WPS6860 Policy Research Working Paper
The method of randomization and the role of reasoned intuition (English)
See More +
DEC 01, 2013 WPS6722 Policy Research Working Paper
Capital for the future : saving and investment in an interdependent world (Chinese)
See More +
NOV 05, 2013 77743 Publication English
Shared prosperity and the mitigation of poverty : in practice and in precept (English)
See More +
NOV 01, 2013 WPS6700 Policy Research Working Paper
Sovereign ratings in the post-crisis world : an analysis of actual, shadow and relative risk ratings (English)
See More +
OCT 01, 2013 WPS6641 Policy Research Working Paper
When competition corrupts : a theoretical analysis of market structure and the incidence of corruption (English)
See More +
SEP 01, 2013 WPS6596 Policy Research Working Paper
The art of currency manipulation : how to profiteer by deliberately distorting exchange rates (English)
See More +
SEP 01, 2013 WPS6608 Policy Research Working Paper
International lending, sovereign debt and joint liability : an economic theory model for amending the treaty of Lisbon (English)
See More +
AUG 01, 2013 WPS6555 Policy Research Working Paper
Capital for the future : saving and investment in an interdependent world (English)
See More +
MAY 09, 2013 77743 Publication Chinese
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 (English)
See More +
MAY 01, 2013 WPS6460 Policy Research Working Paper
The global child labor problem : what do we know and what can we do? (English)
See More +
MAY 01, 2003 77409 Journal Article
Child labor and development : an introduction (English)
See More +
MAY 01, 2003 77405 Journal Article
The World Bank economic review 17 (2) (English)
See More +
JAN 01, 2003 38875 Publication
The collective model of the household and an unexpected implication for child labor : hypothesis and an empirical test (English)
See More +
MAR 31, 2002 WPS2813 Policy Research Working Paper
Is knowledge shared within households? (English)
See More +
DEC 31, 1999 WPS2261 Policy Research Working Paper
The intriguing relation between adult minimum wage and child labor (English)
See More +
AUG 30, 1999 WPS2173 Policy Research Working Paper