Title: "The Economics of Digital Platforms: Theory and Policy Options"
Date: August 2, 2019
Time: 5.00 pm
Venue: Prof. B. Nag Auditorium, Victor Menezes Convention Centre (VMCC), IIT Bombay
Abstract: The digital revolution of the last half-century is changing the way goods and services are bought and sold. This has implications for price formation, consumer and worker welfare and inequality. Some of the digital platforms are natural monopolies that are hard to regulate. This lecture will present new theories for describing markets with digital platforms and discuss policies for regulating them.
Speaker: Prof. Kaushik Basu, Professor of Economics and the C. Marks Professor, International Studies at Cornell University, and former Senior Vice President and Chief Economist of the World Bank (2012-16).
About the speaker: Prof. Kaushik Basu is a Professor of Economics and the Carl Marks Professor of International Studies at Cornell University, Ithaca (New York) as well as the former Chief Economist of the World Bank and Chief Economic Adviser to the Indian Government. Basu’s research interest spans development economics, welfare economics, game theory and industrial organization. As a policymaker, he was engaged in macro fiscal policymaking, multilateral policy coordination and development policy work in several continents. Prof. Basu has been conferred with the Padma Bhushan in 2008 by the President of India.