4 papers
Pareto-Improving Pricing: Why 3 Is Better Than 2
Zi Yang Kang, Piotr Dworczak
We study the design of priority pricing systems with heterogeneous agents in environments in which improving quality for some agents reduces the average quality that can be provide…
Topping Up and Optimal Redistribution
Zi Yang Kang, Mitchell Watt
This paper studies how topping up -- allowing recipients of in-kind transfers to supplement subsidized consumption in a private market -- affects optimal redistribution. Consumers…
Optimal In-Kind Redistribution
Zi Yang Kang, Mitchell Watt
This paper develops a model of in-kind redistribution where consumers participate in either a private market or a government-designed program, but not both. We characterize when a…
Fixed-Price Approximations in Bilateral Trade
Zi Yang Kang, Francisco Pernice, Jan Vondrák
We consider the bilateral trade problem, in which two agents trade a single indivisible item. It is known that the only dominant-strategy truthful mechanism is the fixed-price mech…