4 citations · 6 across the 14 of their papers we have counts for
5 papers · 1 filter
Trading Frictions in Dynamic Cap-and-Trade Markets
Nicola Borri, Yukun Liu, Aleh Tsyvinski +1
Using 2.8 million EU ETS transactions and compliance records, 2005-2022, we document three facts about the world's largest carbon market: each year, 37% of regulated operators do n…
Beckmann's approach to multi-item multi-bidder auctions
Alexander V. Kolesnikov, Fedor Sandomirskiy, Aleh Tsyvinski +1
We consider the problem of revenue-maximizing Bayesian auction design with several bidders having independent private values over several items. We show that it can be reduced to t…
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…