We compare a uniform voucher regime against the status quo mix of public and private education, focusing on the distribtuion of welfare gains and losses across households by income. We argue that the topping-up option available under uniform vouchers is not su¢ ciently valuable for the poorer...

We study the optimal auditing of a taxpayer’s income in a dynamic principal-agent model of hidden income. Taxpayers in our model initially have low income and stochastically transit to high income that is an absorbing state. A low-income taxpayer who transits to high income can under-report...

This thesis applies mechanism design to explore the roles of outside and inside money in achieving optimal allocations. Two chapters use settings that are related to random-matching models. The third uses an overlapping generations setting. In all three, a critical role is played by assumptions...