The contract theory and industrialization in a traditional agricultural society - a case analysis with reference to india

The drive for industrialization in India is not a recent move. The state governments are in competition among themselves to attract the industrialists for investments in their respective states. In this regard, the recent industrial endeavor in West Bengal has met with lot of trouble. The problem arose from the day when the state agency started with the land acquisition activity. Agricultural land was identified for the setting up of an industrial unit of a reputed industry group. Some of the land owners accepted the compensation package, which had been offered to them, while some others protested about the package and the acquisition. The present paper tries to analyze the situation through the formulation of a model of contract theory. The paper talks about the participation of the land owners and the acceptance of the compensation package by structuring suitable individual rationality constraint or participation constraint and incentive compatibility constraint. Lastly, the paper comes up with suggestive results for suitable compensation packages.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history
Request removal from index
Download options
Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 28,165
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Monthly downloads

Added to index


Total downloads

7 ( #525,935 of 2,171,999 )

Recent downloads (6 months)

1 ( #325,967 of 2,171,999 )

How can I increase my downloads?

My notes
Sign in to use this feature

There  are no threads in this forum
Nothing in this forum yet.

Other forums