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...

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...