Entitlement fetching or snatching Effects of arbitrage on India s public distribution system is popular PDF and ePub book, written by Chakrabarti, Suman in 2016-12-22, it is a fantastic choice for those who relish reading online the Political Science genre. Let's immerse ourselves in this engaging Political Science book by exploring the summary and details provided below. Remember, Entitlement fetching or snatching Effects of arbitrage on India s public distribution system can be Read Online from any device for your convenience.
Entitlement fetching or snatching Effects of arbitrage on India s public distribution system Book PDF Summary
Would households be able to buy more subsidized grains from a food-based safety-net program if the difference between prices in the program and in the open market were to increase? This is an important question for safety-net programs anywhere in the world, but particularly so for the public distribution system (PDS) of grains in India—the largest food-based safety-net program in the world. The standard economic intuition suggests that price controls distort signals and create incentives for unintended transactions. Price difference between the PDS and the open market compromise entitlements and divert grains to open markets—an entitlement-snatching effect. Drèze and Sen (2013), however, posit the opposite—an entitlement-fetching effect, where an increase in arbitrage increases the value of PDS entitlement. This raises the stakes in the PDS for eligible beneficiaries, resulting in a rise in accountability and ultimately an increase in household purchases of grains from the PDS. We test these two competing hypotheses using multiple datasets: consumer expenditure surveys conducted by the National Sample Survey Organization, and panel datasets from the India Human Development Survey and the Village Dynamics in South Asia. Depending on the context, we find both entitlement-snatching and entitlement-fetching effects. In states where welfare programs are better governed, the Drèze and Sen (2013) conjecture holds. Conversely, in states like Bihar and Jharkhand—where welfare programs are poorly run—the opposite pattern holds; that is, households’ purchase of subsidized grains recedes with greater arbitrage.
Detail Book of Entitlement fetching or snatching Effects of arbitrage on India s public distribution system PDF
- Author : Chakrabarti, Suman
- Release : 22 December 2016
- Publisher : Intl Food Policy Res Inst
- ISBN : 978186723xxxx
- Genre : Political Science
- Total Page : 36 pages
- Language : English
- PDF File Size : 14,7 Mb
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