Rakesh Chaturvedi is an Associate Professor of Economics at FLAME University. He received his PhD in Economics from Pennsylvania State University, USA, and Masters degree in Economics from Delhi School of Economics at Delhi University. He joined FLAME University with over eight years of cumulative teaching experience at universities like Indraprastha Institute of Information Technology (IIIT) Delhi, Indian Institute of Management (IIM) Udaipur, and Delhi School of Economics at Delhi University.
His research interests are in the broad areas of Microeconomic Theory, Game Theory and Mechanism Design. His published work uses mathematical models of bargaining, trade and markets to derive equilibrium predictions. He is interested in both theoretical foundations of economics and game theory as well as empirically motivated theoretical modeling for applied work in economics. His work on bargaining theory provides a strategic model for a cooperative solution that is a synthesis of the classical solutions of the core and the Nash bargaining solution. In recent work, he has established connections, hitherto unknown, between the classical bargaining solutions given by John Nash and Howard Raiffa using strategic bargaining models. In work that is closer to mechanism design, in a series of papers, he has studied the economic problem of designing mechanisms for trading perfect complements. His work looks closely at the holdout problem that arises in such settings, and also explores auction-like trading mechanisms that help mitigate the holdout problem. He has also collaborated with communication researchers who find a game theoretic framework useful in studying decentralized network transmission that enable efficient spectrum use.
Rakesh has taught courses in Game Theory, Contract Theory, Market Design, Microeconomic Theory, Convex Optimization, Markov Decision Processes. He also has a keen interest in Corporate Finance and Money and Banking.