Price Formation Process in the Indian Economy Keya Sengupta

Chapter-1: Differential Sectoral price behaviour in the framework of flex-fix price theory;
Chapter-2: Methodology of the work;
Chapter-3: Mathematical model of pricing;
Chapter-4: Role of demand and cost in the price formation process;
Chapter-5: Approaches to pricing under oligopolistic market structure;
Chapter-6: Price formation process within the framework of input-output and econometric models;
Chapter-7: Theoretical underpinnings of cost curves and their shapes;
Chapter-8: Cost and production function: An empirical analysis;
Chapter-9: Price formation process under Oligopolistic markets: An empirical investigation.
Chapter-10: Theoretical significance of empirical findings;

Price formation process in the Indian economy examines and analyses the strategies followed by the six agro-linked industries in India, in the determination of prices. These industries are fertilizers (Inorganic and mixed), Agriculture tools and implements, pumpsets, tractors and harvesters and earth moving machinery. Production functions, cost functions and price functions of these industries are determined using the rich cross-section and time-series data base of the study. The work is an econometric study based on a number of price models developed within the context of Oligopolistic market structure. Work of this nature assumes special significance during the current era of liberalisation and global integration. In the coming years work of this nature can have tremendous implications for policy formulations for some of the crucial sectors of our economy.