In this paper we analyze some aspects of cronyism and corruption in an emerging economy. We develop a three-stage game-theoretic model where the ruling political party and a capitalist interact with each other. The ruling party, in return of a donation from the capitalist, sets a policy that...

COVID-19 has posed severe challenges not only to researchers in the field of medicines and natural sciences but also to policymakers. Almost all nations of the world lockdown have been chosen as an immediate response to this pandemic crisis. Given that the labour market in India continues to be...

In this paper, we analyze some aspects of cronyism and corruption in India. We develop a three-stage game-theoretic model where the ruling political party and a capitalist interact with each other. The ruling party, in return of a donation from the capitalist, sets a policy that favors the...