In this paper, a new framework for analyzing corruption in public bureaucracies is provided. The standard way to model corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the eradication of corruption as the final goal. An...

Opposing views persist with regard to the emergence of plantations in southern India and the transfer of slave labour to these plantations: the abolition of slavery as an end in itself and, second, as a means to an end. In spite of the fact that slavery had been abolished by the mid-nineteenth...

Current Status of the Bill: Pending URL:[http://prsindia.org/uploads/media/children%20against%20sexual%20offences.pdf].

Whether the outcome of bargaining over wage and employment between an incumbent firm and a union remains efficient under entry threat is examined. The workers\' reservation wage is not known to the entrant, and entry is profitable only against the high reservation wage. The entrant observes the...