2 papers
econ.GN2026
Prices vs. Quantities: Robust Regulation
Zi Yang Kang
This paper revisits the classic instrument choice problem in a setting with consumption externalities, through the lens of robust mechanism design. A regulator can implement any in…
econ.GN2024
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…