4 papers
Weighted-average quantile regression
Denis Chetverikov, Yukun Liu, Aleh Tsyvinski
In this paper, we introduce the weighted-average quantile regression framework, , where is a dependent variable, is a vector of covariates,…
Policy with stochastic hysteresis
Georgii Riabov, Aleh Tsyvinski
The paper develops a general methodology for analyzing policies with path-dependency (hysteresis) in stochastic models with forward looking optimizing agents. Our main application…
On Vickrey's Income Averaging
Stefan Steinerberger, Aleh Tsyvinski
We consider a small set of axioms for income averaging -- recursivity, continuity, and the boundary condition for the present. These properties yield a unique averaging function th…
Tax Mechanisms and Gradient Flows
Stefan Steinerberger, Aleh Tsyvinski
We demonstrate how a static optimal income taxation problem can be analyzed using dynamical methods. Specifically, we show that the taxation problem is intimately connected to the…