Economics and Public Policy

Rakesh Chaturvedi received his PhD in Economics from Pennsylvania State University, USA, and an MA degree in Economics from the Delhi School of Economics, Delhi University. His research interests include Game Theory, Industrial Organisation, and Market Design. His published work uses formal game-theoretic models to better understand the problems of value division, price formation, and good resource allocation mechanisms in various contexts.  

In a series of papers, Professor Chaturvedi has worked on understanding and mitigating the holdout problem, arising when trade involves perfect complements. In bargaining theory, he has worked on strategic models underpinning the core-constrained Nash bargaining solution in the context of coalitional bargaining and the Raiffa solution in the context of bilateral bargaining. In industrial organisation, he has worked on models of the Internet and the problem of competitive externality in retail. He has also collaborated with communication researchers who find a game theoretic framework useful in studying decentralised network transmission, enabling efficient spectrum use. 

•  Chatterjee K. and Chaturvedi R., Integrating Raiffa and Nash approaches to bargaining using interim agreements, Games and Economic Behavior, July 2024, Vol. 146, pp. 105-120
•  Chaturvedi R. and Pandey A., Double auction for trading perfect complements, Journal of Public Economic Theory, February 2024, Vol. 26(1), 12672.
•  Chaturvedi R., Cost of efficiency in trading perfect complements, Economics Letters, September 2023, Vol. 230, 111236.
•  Chaturvedi R., Stability and efficiency in a model of production and pillage, Indian Economic Review, 2021, Vol. 56(2), pp. 313-333.
•  Chaturvedi R., Dutta S. and Kanjilal K., An Economic Model of the Last-Mile Internet, Journal of Economic Behavior and Organization, November 2021, Vol. 191, pp. 620-638.
•  Chaturvedi R. and Kanjilal K., Experimental analysis of a land assembly mechanism, Journal of Behavioral and Experimental Economics, April 2021, Vol. 91, pp. 101680
•  Chaturvedi R., Fairness and partial coercion in land assembly, Games and Economic Behavior, March 2020, Vol. 120, pp. 325-335.
•  Chaturvedi R., Efficient coalitional bargaining with noncontingent offers, Games and Economic Behavior, November 2016, Vol. 100, pp. 125-141.
• Gopal S., Kaul S.K., Chaturvedi R. and Roy S., Coexistence of Age and Throughput Optimizing Networks: A Spectrum Sharing Game, IEEE/ACM Transactions on Networking, August 2021, Vol 29(4), pp. 1494-1508.
• Gopal S., Kaul S.K. and Chaturvedi R., Coexistence of Age and Throughput Optimizing Networks: A Game Theoretic Approach, 2019 IEEE, 30th Annual Symposium on Personal, Indoor and Mobile Radio Communications: Track 3: Mobile and Wireless Networks.
•  Gopal S., Kaul S.K., Chaturvedi R. and Roy S., A Non-Cooperative Multiple Access Game for Timely Updates, IEEE INFOCOM 2020, IEEE Conference on Computer Communications Workshops.

Microeconomic Theory, Game Theory, Contract Theory, Market Design, Convex Optimisation, Markov Decision Processes