S. Mahendra Dev is Director, Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. After obtaining his Ph.D. from Delhi School of Economics (New Delhi, India), he did his post-doctoral research at Yale University, USA. He is also the Chair of the Committee on Terms of Trade on Agriculture constituted by the Indian Ministry of Agriculture. He previously chaired the Commission for Agricultural Costs and Prices at the Ministry of Agriculture, and served as Director of the Centre for Economic and Social Studies (CESS) in Hyderabad. His research interests include Development economics, Indian economy, Macro policies, Inclusive growth, Agricultural policies, Poverty and inequality and Rural development. P G Babu is Professor at IGIDR, Mumbai coordinator of the Erasmus Mundus European Graduate Programs in Law and Economics, and Managing Editor of Journal of Quantitative Economics, official journal of The Indian Econometric Society (TIES) published by Springer. He has held visiting professorships at the Universities of Aix-Marseille, Bayreuth (as Adam Smith Chair Guest Professor of Philosophy and Economics), Hamburg, IIM Ahmedabad, Madras School of Economics, Erasmus University Rotterdam and Warsaw School of Economics. He obtained his Ph.D. from Indian Institute of Science, Bangalore, India. His research interests include Microeconomics and Game Theory with interdisciplinary applications to environment, law, philosophy and politics. About Contributors: Dilip Abreu, Princeton University, Princeton, USA Dilip R. Ahuja, National Institute of Advanced Studies, Bangalore, India P. Binswanger-Mkhize , China Agricultural University Arka Roy Chaudhuri, University of British Columbia, Vancouver, Canada Avinash K. Dixit, Princeton University, Princeton, USA Probal P. Ghosh, IRADe, Delhi, India Priyank Jindal, IRADe, Delhi, India Ravi Kanbur, Cornell University, Ithaca, USA Ashok Kotwal, University of British Columbia, Vancouver, Canada SugatoMarjit, CSSS, Kolkata, India Anil Markandya, University of Bath, Bath, UK; Basque Centre for Climate Change, Bilbao, Spain KaivanMunshi, University of Cambridge, Cambridge, UK MilindMurugkar, PragatiAbhiyan, Nasik, India Jyoti K. Parikh, IRADe, Delhi, India Kirit S. Parikh, IRADe, Delhi, India MihirRakshit, ICRA, Kolkata, India Bharat Ramaswami, Indian Statistical Institute Delhi, New Delhi, India Geeta Sandal, IRADe, New Delhi, India Nirvikar Singh, University of California, Santa Cruz, USA T.N. Srinivasan, Yale University, New Haven, USA Marti G. Subrahmanyam, New York University, New York, USA Shyam Sunder, Yale University, New Haven, USA Dragon Yongjun Tang, University of Hong Kong, Hong Kong Sarah Qian Wang, University of Warwick, UK