In this paper, we analyze some aspects of cronyism and corruption in India. We develop a three-stage game … striking is that only the political party gains with increase in cronyism and corruption. The society as a whole suffers (total …

How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust …

history of past play has little effect on the level of corruption. …

issues in a theory-guided lab experiment. Easily attainable ("belief-based") protection indeed leads to more reports, both …

issues in a theory-guided lab experiment. Easily attainable ("belief-based") protection indeed leads to more reports, both …

We use an original variant of the standard trust game to study the effects of corruption on trust and trustworthiness … presence of corruption, matched by a significant excess of reciprocity from the trustee. Both the trustor and the trustee … expect, on average, corruption to act as a tax, inelastic to changes in the probability of corruption prosecution …

The success of a country's anti-corruption policies can crucially depend on the citizens' beliefs about the existing … participants in an experiment. Our results suggest that Basu's "Republic of Beliefs" idea provides a critical insight in policy … formulation; Merely introducing an anti-corruption law is not sufficient in aiding the country towards the desired equilibrium …