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  • All HBS Web  (8)
    • Faculty Publications  (5)

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    • All HBS Web  (8)
      • Faculty Publications  (5)

      Welfare Theorems Remove Welfare Theorems →

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      • July 2021
      • Article

      Redistribution through Markets

      By: Piotr Dworczak, Scott Duke Kominers and Mohammad Akbarpour
      Policymakers frequently use price regulations as a response to inequality in the markets they control. In this paper, we examine the optimal structure of such policies from the perspective of mechanism design. We study a buyer-seller market in which agents have private...  View Details
      Keywords: Optimal Mechanism Design; Redistribution; Inequality; Welfare Theorems; Market Design; Equality and Inequality
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      Dworczak, Piotr, Scott Duke Kominers, and Mohammad Akbarpour. "Redistribution through Markets." Econometrica 89, no. 4 (July 2021): 1665–1698. (Authors' names are in certified random order.)
      • December 2018
      • Technical Note

      The First Fundamental Theorem of Welfare Economics and Market Failures

      By: Matthew C. Weinzierl and Robert Scherf
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      Weinzierl, Matthew C., and Robert Scherf. "The First Fundamental Theorem of Welfare Economics and Market Failures." Harvard Business School Technical Note 719-027, December 2018.
      • October 2015
      • Teaching Note

      1996 Welfare Reform in the United States

      By: Matthew C. Weinzierl
      Keywords: Median Voter Theorem; Moral Hazard; Voting; Ethics
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      Weinzierl, Matthew C. "1996 Welfare Reform in the United States." Harvard Business School Teaching Note 716-021, October 2015.
      • June 2015
      • Case

      1996 Welfare Reform in the United States

      By: Matthew Weinzierl, Katrina Flanagan and Alastair Su
      On August 22, 1996, U.S. President Bill Clinton signed into law the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA)—a dramatic reform of the American system of economic assistance for the poor that, as its title suggested, attempted to...  View Details
      Keywords: Welfare State; Public Goods; Moral Hazard; Median Voter Theorem; Poverty; Welfare; Public Administration Industry; United States
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      Weinzierl, Matthew, Katrina Flanagan, and Alastair Su. "1996 Welfare Reform in the United States." Harvard Business School Case 715-030, June 2015.
      • Article

      Multilateral Matching

      By: John William Hatfield and Scott Duke Kominers
      We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows us to consider production complementarities previously outside the scope of matching theory. We show analogues of the first and second welfare...  View Details
      Keywords: Matching; Stability; Competitive Equilibrium; Core; Networks; Competition; Joint Ventures; Balance and Stability; Groups and Teams; Entrepreneurship
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      Hatfield, John William, and Scott Duke Kominers. "Multilateral Matching." Journal of Economic Theory 156 (March 2015): 175–206.
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