Enabling Equity and Efficiency through Auctions in India

http://www.article-diary.com/articles/1371/1/Enabling-Equity-and-Efficiency-through-Auctions-in-India/Page1.html

Peeyush Bajpai

Peeyush Bajpai, MBA, BE VNIT, Jamshedpur. Heads product development at Indicus, An Economics Research Firm. He has worked on education, health and the social sector and has conducted many studies at the sub-state; state and country level. He spearheaded "The Market Skyline of India-2002", the first ever product rolled out from Indicus stables. Has strong analytical and technological skills to back the theoretical and practical insights

By Peeyush Bajpai

Published on Saturday 7th 2009

Often practical and simple ideas are rejected out of ignorance or out of disbelief that simple ideas can work There are innumerable applications for the use of auctions in the economy; in every case, it is the common man who as consumer or taxpayer stands to gain and it is for this reason alone that auctions should take first place as a solution to resource allocation in a country.