A government would like to subsidize an indivisible good. Consumers’ valuations of the good vary ... more A government would like to subsidize an indivisible good. Consumers’ valuations of the good vary according to their wealth and benefits from the good. A subsidy scheme may be based on consumers’ wealth or benefit information. We translate a wealth-based policy to a benefit-based policy, and vice versa, and give a necessary and sufficient condition for the pair of policies to implement the same assignment: consumers choose to purchase the good under the wealth-based policy if and only if they choose to do so under the translated benefit-based policy. General taxation allows equivalent policies to require the same budget.
We study how rationing in the public sector influences prices in the private sector. A private fi... more We study how rationing in the public sector influences prices in the private sector. A private firm uses consumers' cost information for cream-skimming. Only rationed consumers consider purchasing from the private firm. Rich consumers are more willing to pay for an indivisible good, such ...
We model asymmetric information arising from physician agency, and its effect on the design of pa... more We model asymmetric information arising from physician agency, and its effect on the design of payment and healthcare quantity. The physician-patient coalition aims to maximize a combination of physician profit and patient benefit. The degree of substitution between profit and ...
In this paper, we study the supply of quality in imperfectly competitive mar-kets, and explore th... more In this paper, we study the supply of quality in imperfectly competitive mar-kets, and explore the role of regulation in markets where finns may use both quality and price to compete for customers. In a model where firms first choose qualities and then prices, we find that ...
A government would like to subsidize an indivisible good. Consumers’ valuations of the good vary ... more A government would like to subsidize an indivisible good. Consumers’ valuations of the good vary according to their wealth and benefits from the good. A subsidy scheme may be based on consumers’ wealth or benefit information. We translate a wealth-based policy to a benefit-based policy, and vice versa, and give a necessary and sufficient condition for the pair of policies to implement the same assignment: consumers choose to purchase the good under the wealth-based policy if and only if they choose to do so under the translated benefit-based policy. General taxation allows equivalent policies to require the same budget.
We study how rationing in the public sector influences prices in the private sector. A private fi... more We study how rationing in the public sector influences prices in the private sector. A private firm uses consumers' cost information for cream-skimming. Only rationed consumers consider purchasing from the private firm. Rich consumers are more willing to pay for an indivisible good, such ...
We model asymmetric information arising from physician agency, and its effect on the design of pa... more We model asymmetric information arising from physician agency, and its effect on the design of payment and healthcare quantity. The physician-patient coalition aims to maximize a combination of physician profit and patient benefit. The degree of substitution between profit and ...
In this paper, we study the supply of quality in imperfectly competitive mar-kets, and explore th... more In this paper, we study the supply of quality in imperfectly competitive mar-kets, and explore the role of regulation in markets where finns may use both quality and price to compete for customers. In a model where firms first choose qualities and then prices, we find that ...
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