In the past two decades, the design and implementation of living donor kidney exchange clearinghouses have been a major success story in market design. Instead of batching and optimizing exchanges over a fixed pool of incompatible patient-donor pairs, the busiest programs now operate...

This note illustrates, by reconsidering the seminal optimal speed-of-transition model of Aghion, P., and O. J. Blanchard. (1994. "On the Speed of Transition in Central Europe." NBER Macroeconomics Annual 9: 283-319), that optimal transition paths, in general, exhibit nonlinearities and...

The Henry George Theorem (HGT) in static models states that when a city has an optimal population size, aggregate urban differential land rents exactly cover costs of pure public goods. This paper extends the static HGT to dynamic settings. Through a series of dynamic models, the paper...

This note illustrates, by reconsidering the seminal optimal speed-of-transition model of Aghion, P., and O. J. Blanchard. (1994. "On the Speed of Transition in Central Europe." NBER Macroeconomics Annual 9: 283-319), that optimal transition paths, in general, exhibit nonlinearities and...

Some researchers claim that a preference for wealth accumulation is the main cause of the long-run stagnation of the Japanese economy. A theoretical implication of people having such a preference is the widening of wealth inequality. We experimentally test this theoretical prediction by inducing...