Erya Yang

Sun Yat-Sen University | SYSU · Business School

This paper uses the rank-dependent expected utility (RDEU) model to capture the effects of optimism and pessimism on the choice between a pre-trial settlement and a trial (or more generally, between a private settlement and a litigation). These two legal procedures are described as a bargaining game and a contest game, respectively. My models predi...

We model a broad range of incentives that one person (called a planner) can use to affect choices of another agent (called a doer). For instance, a planner can regulate her own future decisions by self-control, willpower, promises, resolutions etc. She can affect other individuals by monetary payments , commands, advertising, persuasion, or by sele...

In this paper, I refine the random utility model (RUM) of Block and Marschak (1959) to represent stochastic choice data with quasi-linear types. In my framework, choices are observed across pairs of goods and money. The random quasi-linear utility function is identified uniquely in my model. This identification implies a unique social welfare aggre...

A Correction to this paper has been published: 10.1007/s40505-021-00211-1

This paper incorporates fairness constraints into the classic single-unit reduced-form implementation problem (Border in Economet J Econ Soc, 59(4):1175–1187, 1991, Econ Theory 31(1):167–181, 2007; Che et al. in Econometrica 81(6): 2487–2520, 2013; Manelli and Vincent in Econometrica, 78(6):1905–1938, 2010) with two agents. To do so, I use a new ap...

To delegate future choices, planners can influence doers in various ways. In the intrapersonal case, a planner can motivate her future self by commitments , promises, deadlines etc. In the interpersonal case, doers can be selected and/or persuaded to change their beliefs. Even if delegations and persuasions are not observed directly, they can be st...

To delegate future choices, planners can influence doers in various ways. In the intrapersonal case, a planner can motivate her future self by commitments , promises, deadlines etc. In the interpersonal case, doers can be selected and/or persuaded to change their beliefs. Even if delegations and persuasions are not observed directly, they can be st...