Explore Babson
Back to All Babson Back to All Babson
Close
Babson CollegeBabson College logo Centers & Institutes
High School Programs
profile image for Kankana Mukherjee

Kankana Mukherjee

  • Associate Professor
Academic Division: Economics
781-239-4004
Dr. Kankana Mukherjee teaches Managerial Economics and Business Strategy and Game Theory in the MBA program and Managerial Economics and Industrial Organization in the undergraduate program. Before coming to Babson, she has taught at Worcester Polytechnic Institute, University of Connecticut, and Clarkson University. Dr. Mukherjee's principal research interest is in the area of productivity and efficiency analysis. Her research is empirical in nature and utilizes Data Envelopment Analysis, econometrics, and statistics. She has applied her research to several industries including the banking industry, manufacturing sector, health care industry, and energy. Her research has been published in several leading economics and operations research journals such as the Economic Journal, Journal of Banking and Finance, Journal of Productivity Analysis, European Journal of Operational Research, Empirical Economics, International Journal of Production Economics, Manchester School, Medical Care Research and Review, Journal of Quantitative Economics, Energy Economics, Energy Policy, Journal of Risk and Insurance, Health Care Management Science, Indian Economic Review, and Data Envelopment Analysis Journal among others.​

Academic Degrees

  • Ph D, University of Connecticut
  • MA, University of Connecticut
  • M. Phil, North Eastern Hill University
  • MA, North Eastern Hill University
  • BA, North Eastern Hill University

Academic Interest / Expertise

Applied Microeconomics; Data Envelopment Analysis; Productivity and Efficiency Analysis

Courses

  • Degree Courses 2025

    • ECN 7550 BUSINESS STRATEGY AND GAME THEORY
    • ECN 3667 STRATEGIC GAME THEORY

  • Degree Courses 2024

    • ECN 7550 BUSINESS STRATEGY AND GAME THEORY
    • ECN 3667 STRATEGIC GAME THEORY

  • Degree Courses 2023

    • ECN 3655 MANAGERIAL ECONOMICS
    • ECN 3667 STRATEGIC GAME THEORY
    • ECN 7550 BUSINESS STRATEGY AND GAME THEORY
    • ECN 3630 INDUSTRIAL ORGANIZN & PUBLIC POLICY

Publications

Journal Articles

  • Ray, S.C., Deb, A.K., Mukherjee, K. (2021). Unrestricted Geometric Distance Functions and the Geometric Young Productivity Index: An Analysis of Indian Manufacturing. Empirical Economics. Vol: 60, Issue: 6, Page: 3103-3134. Springer. link
  • Ray, S.C., Mukherjee, K., Venkatesh, A. (2018). Nonparametric Measures of Efficiency in the Presence of Undesirable Outputs: A By-production Approach. Empirical Economics. Vol: 54, Issue: 1, Page: 31 - 65. Springer. link
  • Ray, S.C., Mukherjee, K. (2017). A Reverse Directional Distance Function to Reconcile Between Competing Efficiency Goals: An Application to Indian Manufacturing. Indian Economic Review. Vol: 52, Issue: 1-2, Page: 103-126. Springer. link
  • Ray, S.C., Mukherjee, K. (2017). Data Envelopment Analysis with Aggregated Inputs and a Test of Allocative Efficiency when Input Prices Vary Across Firms. Data Envelopment Analysis Journal. Vol: 2, Issue: 2, Page: 141-161. NOW Publishers. link
  • Mukherjee, K., Santerre, R.E., Zhang, N.J. (2010). Explaining the Efficiency of Local Health departments in the US: An Exploratory Analysis. Health Care Management Science. Vol: 13, Issue: 4, Page: 378-387.
  • Mukherjee, K. (2010). Measuring Energy Efficiency in the Context of and Emerging Economy: the Case of Indian Manufacturing. European Journal of Operational Research. Vol: 201, Issue: 3, Page: 933-941.
  • Bates, L.J., Mukherjee, K., Santerre, R.E. (2010). Medical Insurance Coverage and Health Production Efficiency. Journal of Risk and Insurance. Vol: 77, Issue: 1, Page: 211-229.
  • Mukherjee, K. (2008). Energy Use Efficiency in the Indian Manufacturing Sector. Energy Policy. Vol: 36, Issue: 2, Page: 662-672.
  • Mukherjee, K. (2008). Energy Use Efficiency in the U.S. Manufacturing Sector. Energy Economics. Vol: 36, Issue: 2, Page: 662-672.
  • Ray, S.C., Chen, L., Mukherjee, K. (2008). Input Price Variation Across Locations and a Generalized Measure of Cost Efficiency . International Journal of Production Economics. Vol: 116, Issue: 2, Page: 208-218.
  • Ray, S.C., Mukherjee, K. (2007). Productivity Growth and Capacity Utilization: An Interstate Analysis of U.S. Manufacturing Data. Empirical Economics Letters, The. Vol: 6, Issue: 1, Page: 11-23.
  • Ray, S.C., Mukherjee, K., Wu, Y. (2006). Direct and Indirect Measures of Capacity Utilization: a Non-Parametric Analysis of US Manufacturing. The Manchester School. Vol: 74, Issue: 4, Page: 526 – 548.
  • Bates, L.J., Mukherjee, K., Santerre, R.E. (2006). Market Structure and Technical Efficiency in the Hospital Services Industry: A DEA Approach. Medical Care Research and Review. Vol: 63, Issue: 4, Page: 499- 524.
  • Mukherjee, K., Ray, S.C. (2005). Technical Efficiency and Its Dynamics in Indian Manufacturing: An Inter-State Analysis. Indian Economic Review. Vol: 40, Issue: 2.
  • Mukherjee, K., Ray, S.C., Miller, S.M. (2001). Productivity Growth in Large U.S. Commercial Banks: The Initial Post-Deregulation Experience. Journal of Banking & Finance. Vol: 25.
  • Ray, S.C., Mukherjee, K. (2000). Decomposition of Cost Competitiveness in U.S. Manufacturing: Some State by State Comparisons. Indian Economic Review. Vol: 35, Issue: 2, Page: 133-153.
  • Ray, S.C., Mukherjee, K. (1998). A Study of Size Efficiency in U.S. Banking: Identifying Banks that are too Large. International Journal of Systems Science. Vol: 29, Issue: 11, Page: 1281-1294.
  • Ray, S.C., Mukherjee, K. (1998). Quantity, Quality, and Efficiency for a Partially Super- Additive Cost Function: Connecticut Public Schools Revisited. Journal of Productivity Analysis. Vol: 10, Issue: 1, Page: 47- 62.
  • Ray, S.C., Mukherjee, K. (1996). Decomposition of the Fisher Ideal Index of Productivity: A Nonparametric Dual Analysis of U.S. Airlines Data. The Economic Journal. Vol: 106, Page: 1659-1678.
  • Ray, S.C., Mukherjee, K. (1995). Comparing Parametric and Nonparametric Measures of Efficiency: A Reexamination of the Christensen-Greene Data. Journal of Quantitative Economics. Vol: 11, Issue: 1, Page: 155-168.

Book Chapters

  • Mukherjee, K. (2014). Co-Opetition. Wiley Encyclopedia of Management. Vol. 8: Wiley Encyclopedia of Management. Vol: 8, Issue: 3rd. John Wiley & Sons, Inc..
  • Mukherjee, K. (2014). Data Envelopment Analysis. Wiley Encyclopedia of Management. Vol. 8.: Wiley Encyclopedia of Management. Vol: 8, Issue: 3rd. John Wiley & Sons, Inc..
  • Mukherjee, K. (2014). Double Monopoly Markup. Wiley Encyclopedia of Management. Vol. 8.: Wiley Encyclopedia of Management. Vol: 8, Issue: 3rd. John Wiley & Sons, Inc..
  • Mukherjee, K. (2014). Vertical Integration Strategy. Wiley Encyclopedia of Management. Vol. 12.: Wiley Encyclopedia of Management. Vol: 12, Issue: 3rd. John Wiley & Sons, Inc..
  • Mukherjee, K. (2014). Vertical Integration. Wiley Encyclopedia of Management. Vol. 8.: Wiley Encyclopedia of Management. Vol: 8, Issue: 3rd. John Wiley & Sons, Inc..
  • Mukherjee, K. (2014). Winner's Curse. Wiley Encyclopedia of Management. Vol. 8.: Wiley Encyclopedia of Management. Vol: 8, Issue: 3rd. John Wiley & Sons, Inc..
  • Ray, S., Mukherjee, K. (2005). Does the Presence of Surplus Labor Hinder Production in Indian Manufacturing?: Development, Displacement, and Disparity – India in the Last Quarter Century. Page: 160-195. Orient Longman.
  • Darling, G., Mukherjee, K., Wilkens, K. (2004). Commodity Trading Advisor Performance Evaluation with Data Envelopment Analysis: Commodity Trading Advisors: Risk, Performance Analysis, and Selection. Page: 79-104. John Wiley and Sons.

Presentations

  • Productivity Change and the Dynamics of Cost Competitiveness: An Interstate Analysis of Indian Manufacturing Ray, S. Mukherjee, K. DEA45: International Conference on Data Envelopment Analysis, Surrey Business School, University of Surrey, Guildford, Surrey, UK (2023)
  • Cost Competitiveness in Indian Manufacturing: An Interstate Comparison Ray, S. Mukherjee, K. North American Productivity Workshop XI, Miami Herbert Business School, University of Miami, Coral Gables, Florida (2023)
  • Emergence of Digital Banking and Labor Cost Efficiency in India: A Branch Level Analysis of a Public Sector Bank Ray, S. Das, A. Mukherjee, K. Asia-Pacific Productivity Conference, Online (2022)
  • Emergence of Digital Banking and Labor Use Efficiency: A Study of Indian Bank Branches Ray, S. Das, A. Mukherjee, K. 12th (virtual) North American Productivity Workshop, Online (2021)
  • Impact of COVID-19 on the World Economy Mukherjee, K. International Webinar, Impact of COVID-19 Pandemic: The Road Ahead, Online (2020)
  • Sustainability and Energy Efficiency in Indian Manufacturing Mukherjee, K. Babson Faculty Research Fund (BFRF) Research Chat , Online (2020)
  • Profit Efficiency and Return on Equity in Banking: Evidence from Indian Data Ray, S. Das, A. Mukherjee, K. 46th Eastern Economic Association Conference, Boston, MA (2020)
  • Advancement of Digital Banking and Labor Use Efficiency: A Study of Indian Bank Branches Mukherjee, K. Ray, S. Das, A. 17th International Conference on Data Envelopment Analysis, University of Calgary, Calgary, Canada (2019)
  • Sustainability and Energy Efficiency in Indian Manufacturing Mukherjee, K. 16th EWEPA Conference (European Workshop on Efficiency and Productivity Analysis), London, UK (2019)
  • Business Strategy and Game Theory: The Role of Co-opetition Mukherjee, K. Student Development Program - Expert Speaker Series, Shillong Commerce College, Shillong, India, Shillong, India (2019)
  • Measures of Labor Use Efficiency from a Cost-Based Dual Representation of the Technology: A Study of Indian Bank Branches Ray, S. Das, A. Mukherjee, K. INFORMS Annual Meeting, Phoenix, AZ (2018)
  • Determinants of Energy Efficiency in Indian Manufacturing Mukherjee, K. Babson Research Day, Massachusetts, USA. (2018)
  • Efficiency and Productivity Dynamics of Indian Bank Branches Mukherjee, K. Ray, S. Das, A. INFORMS Annual Meeting, Houston, TX (2017)
  • A Reverse Directional Distance Function to Reconcile between Competing Efficiency Goals: An Application to Indian Manufacturing Ray, S. Mukherjee, K. Faculty Poster Session, Babson College, Massachusetts, USA. (2017)
  • Regional Comparisons of Energy Use Efficiency in Indian Manufacturing: An Index Number Approach Mukherjee, K. European Workshop on Efficiency and Productivity Analysis (EWEPA), London, UK (2017)
  • The MPSS and Target Setting for Optimal Scale of Indian Bank Branches Ray, S. Mukherjee, K. Das, A. International Conference on Data Envelopment Analysis, Prague, Czech Republic (2017)
  • Determinants of Energy Efficiency in Indian Manufacturing Mukherjee, K. INFORMS Annual Meeting, Nashville, TN (2016)
  • Capacity Utilization and Energy Efficiency in Indian Manufacturing: A Tale of Two Industries Mukherjee, K. 14th International Conference on Data Envelopment Analysis, Jianghan University, Wuhan, Hubei, China (2016)
  • Labor Productivity in Indian Manufacturing: A Temporal and Regional Analysis Mukherjee, K. Babson Faculty Research Fund (BFRF) Research Chat , Wellesley, MA (2015)
  • Capacity Utilization and Energy Efficiency in Indian Manufacturing Mukherjee, K. INFORMS Annual Meeting, Philadelphia, PA (2015)
  • Labor Productivity in Indian Manufacturing: A Temporal and Regional Analysis Mukherjee, K. International Atlantic Economic Conference, Boston, MA (2015)
  • Operational Efficiency of Bank Branches: Evidence from Indian Banking Mukherjee, K. Ray, S. Das, A. INFORMS Annual Meeting, San Francisco, CA (2014)
  • Operational Efficiency of Bank Branches: Evidence from Indian Banking Mukherjee, K. Ray, S. Das, A. North American Productivity Workshop VIII, Ottawa, Canada (2014)
  • Labor Productivity and its Dynamics in Indian Manufacturing Mukherjee, K. Annual Meeting of the Eastern Economic Association, Boston, MA (2014)
  • Experience with WebEx in ECN7200 Managerial Economics Mukherjee, K. Babson Blended Learning Faculty Meeting, Wellesley, MA (2014)
  • ‘Teaching a Quantitative Course via WebEx’, Faculty Use Case: ECN 7200 Managerial Economics Mukherjee, K. ITSD Technical Training Boot Camp, Wellesley, MA (2014)
  • Energy Efficiency in India’s Energy Intensive Industries: A Directional Distance Function Analysis Mukherjee, K. INFORMS Annual Meeting, Minneapolis, MN (2013)
  • Energy Efficiency in India’s Energy Intensive Industries: A Directional Distance Function Analysis Mukherjee, K. Babson Faculty Research Fund (BFRF) Research Chat, Wellesley, MA (2013)
  • Efficiency in the Individual Life Insurance Business in India Mukherjee, K. 38th Annual Meeting of the Eastern Economic Association, Boston, MA (2012)
  • Career Paths for an Economics Ph.D. Mukherjee, K. Life After UCONN, Storrs, CT (2012)
  • Data Envelopment Analysis: Health Care Applications Mukherjee, K. Prof. Yunwei Gai's ECN7555 Health Economics Class, Babson Park, MA (2012)
  • Capacity Utilization in Indian Manufacturing: A Non-Parametric Analysis of State Level data Mukherjee, K. 9th International Conference on data Envelopment ANalysis, University of Macedonia, Thessaloniki, Greece (2011)
  • Data Envelopment Analysis: Health Care Applications Mukherjee, K. Prof. Yunwei Gai's ECN7555 Health Economics Class, Babson College, Babson Park, MA (2011)
  • Capacity Utilization in Indian Manufacturing: A Non-Parametric Analysis of State Level data Mukherjee, K. BFRF Research Chat, Babson College, Babson Park, MA (2011)
  • Capacity Utilization in Indian Manufacturing: A Non-Parametric Analysis of State Level data Mukherjee, K. Annual Conference of the Eastern Economic Association, New York, NY (2011)
  • Efficiency in the Life Insurance Business in India: A Company Level Analysis Mukherjee, K. Allied Social Science Associations/ Association of Indian Economic and Financial Studies, Denver, CO (2011)
  • A Cost-Constrained Measure of Energy-use Efficiency in US Manufacturing Mukherjee, K. INFORMS Conference, Austin, TX (2010)
  • Profit Efficiency and Return on Equity in Banking: Evidence from Indian Data Mukherjee, K. North American Productivity Workshop VI, Rice University, Houston, TX (2010)
  • Social Banking, Deregulation, and Profitability of Banks: The Indian Case Mukherjee, K. BFRF Research Chat, Babson College, Babson Park, MA (2010)
  • Profit Efficiency and Return on Equity in Banking: Evidence from Indian Data Mukherjee, K. Allied Social Science Associations/ Association of Indian Economic and Financial Studies, Atlanta, GA (2010)
MoreGreen Chevron

Additional Links