Indian Institute of Management Bangalore

About: Indian Institute of Management Bangalore is a education organization based out in Bengaluru, Karnataka, India. It is known for research contribution in the topics: Emerging markets & Context (language use). The organization has 491 authors who have published 1254 publications receiving 23853 citations. The organization is also known as: IIMB.

The Impact of Crop Minimum Support Prices on Crop Selection and Farmer Welfare in the Presence of Strategic Farmers

Abstract: In many developing countries, governments often use minimum support prices (MSPs) as interventions to (i) safeguard farmers’ income against crop price falls and (ii) ensure sufficient and balanced production of different crops. In this chapter, we examine two questions: (1) What is the impact of MSPs on the farmers’ crop selection and production decisions, future crop availabilities, and farmers’ expected profits? (2) What is the impact of strategic farmers on crop selection and production decisions, future crop availabilities, and farmers’ expected profits? To explore these questions, we present a model in which the market consists of two types of farmers (with heterogeneous production costs): myopic farmers (who make their crop selection and production decisions based on recent market prices) and strategic farmers (who make their decisions by taking all other farmers’ decisions into consideration). By examining the dynamic interactions among these farmers for the case when there are two (complementary or substitutable) crops for each farmer to select to grow, we obtain the following results. First, we show that, regardless of the values of the MSPs offered to the crops, the price disparity between the crops worsens as the complementarity between the crops increases. Second, we find that offering MSP is not always beneficial to the farmers. In fact, offering MSP for a crop can hurt the profit of those farmers who grow that crop especially when the proportion of strategic farmers is sufficiently small. Third, offering a wrong choice of MSPs can cause the expected quantity disparity between crops to worsen. By taking these two drawbacks of MSPs into consideration, we discuss ways to select effective MSPs that can improve farmers’ expected profit and reduce quantity disparity between crops.

Global Shapes of Preference Scaling Functions

Abstract: In the expected utility framework, concavity (or convexity) of the preference scaling function corresponds to risk-aversion (or risk-seeking) preferences. Friedman and Savage (1948) and Markowitz (...

Volunteer Motivation and Satisfaction in Global Sporting Events: A Comparative Study in the Indian Context

Abstract: Sports volunteers play a critical role in the success and smooth running of major sporting events. The purpose of the present study is to study the motivational factors and experiences of the volunteers of the 2010 Commonwealth Games and the 2011 ICC Cricket World Cup held in India. The sample consisted of 153 volunteers from the 2010 Commonwealth Games and 161 volunteers from the 2011 ICC Cricket World Cup. To identify the motivational issues behind volunteerism, SVEMS scale was used and principal component analysis resulted in a four-factor solution. Volunteer satisfaction was measured using a 5-point Likert scale which consisted of three aspects of volunteer satisfaction as proposed by Farrell, Johnston,T rather, it is a combination of different factors which decides whether the volunteers will be satisfied from the facilities provided at such an event and whether they will be motivated to volunteer for such events in the future.