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BEGIN:VEVENT
UID:6611f78d01722b9f59d1377d47b0d172
CATEGORIES:Lecture / Reading / Talk
CREATED:20211120T121113
SUMMARY:"Resistance, Redistribution and Investor-Friendliness" - A Talk by Dr. Sourav Bhattacharya
LOCATION:Ramnujan II Lecture Theatre\, FLAME University Campus
DESCRIPTION:\n\nDepartment of Economics invites you to a talk by Dr. Sourav Bhattachary
 a, Royal Holloway - University of London\n\n\n"RESISTANCE, REDISTRIBUTION A
 ND INVESTOR-FRIENDLINESS"\n\n\nDr. Sourav Bhattacharya is currently a Reade
 r in Economics at Royal Holloway - University of London (RHUL). Prior to jo
 ining RHUL he was an Assistant Professor at the University of Pittsburgh an
 d a Visiting Assistant Professor at the Wallis Institute of Political Econo
 my, University of Rochester.\n\n\nThe title of his talk is, "Resistance, Re
 distribution and Investor-Friendliness". Poor communities sometimes resist 
 private investment and destroy economic surplus even if the government has 
 the willingness and ability to redistribute. He interprets such acts of res
 istance as demands for redistribution: Destruction contains credible inform
 ation about how the affected group values surplus, and such information is 
 used by the government in implementing the optimal redistribution policy. T
 he extent of destruction is increasing in the extent of political marginali
 zation of the affected group. Resistance not only destroys economic surplus
 : It also mutes the investor's incentives to create surplus. The government
  uses a tax/subsidy on the investor to maximize weighted social surplus, an
 d he shows that the possibility of destruction may force the government to 
 be too soft in its negotiations with the investor. He discusses several pol
 icy instruments that have the potential to improve welfare: These include c
 ompensation floor for the affected group, legal or financial protection for
  the investor and licensing fees for the investor.\n
X-ALT-DESC;FMTTYPE=text/html:<br/><br/>Department of Economics invites you to a talk by Dr. Sourav Bhatt
 acharya, Royal Holloway - University of London<br/><br/><br/>"RESISTANCE, R
 EDISTRIBUTION AND INVESTOR-FRIENDLINESS"<br/><br/><br/>Dr. Sourav Bhattacha
 rya is currently a Reader in Economics at Royal Holloway - University of Lo
 ndon (RHUL). Prior to joining RHUL he was an Assistant Professor at the Uni
 versity of Pittsburgh and a Visiting Assistant Professor at the Wallis Inst
 itute of Political Economy, University of Rochester.<br/><br/><br/>The titl
 e of his talk is, "Resistance, Redistribution and Investor-Friendliness". P
 oor communities sometimes resist private investment and destroy economic su
 rplus even if the government has the willingness and ability to redistribut
 e. He interprets such acts of resistance as demands for redistribution: Des
 truction contains credible information about how the affected group values 
 surplus, and such information is used by the government in implementing the
  optimal redistribution policy. The extent of destruction is increasing in 
 the extent of political marginalization of the affected group. Resistance n
 ot only destroys economic surplus: It also mutes the investor's incentives 
 to create surplus. The government uses a tax/subsidy on the investor to max
 imize weighted social surplus, and he shows that the possibility of destruc
 tion may force the government to be too soft in its negotiations with the i
 nvestor. He discusses several policy instruments that have the potential to
  improve welfare: These include compensation floor for the affected group, 
 legal or financial protection for the investor and licensing fees for the i
 nvestor.<br/>
DTSTAMP:20260507T154546
DTSTART;TZID=Asia/Kolkata:20160829T093000
DTEND;TZID=Asia/Kolkata:20160829T110000
SEQUENCE:0
TRANSP:OPAQUE
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