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...

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...

We develop a three-sector Harris-Todaro (HT)-type model for a developing economy to analyse the failure of the employment generation program in the rural sector as a policy response to counter Covid-19-induced reverse migration of labour. First, we distinguish between two alternative modes of...

This paper develops a model of determination of the unionized wage in the presence of both collective bargaining and an efficiency wage. The efficiency of each worker is positively related to both the wage and the unemployment rate in the economy. The unionized wage is greater than the...