According to 2023 data, The Review of Economic Studies has an Impact Factor of 5.9 and maintains a stable annual output of approximately 98 articles. As of 2024, scholars from universities in mainland China have published a cumulative total of 14 papers in this journal. Professor SUN Ning and Professor YU Ning Neil published the paper, entitled “Job Matching with Subsidy and Taxation”, in this prestigious journal. The abstract and link to the full paper are provided below.
Job Matching with Subsidy and Taxation
Professor SUN Ning and Professor YU Ning Neil, School of Economics
Abstract：In markets for indivisible resources such as workers and objects, subsidy and taxation for an agent may depend on the set of acquired resources and prices. This paper investigates how such transfer policies interfere with the substitutes condition, which is critical for market equilibrium existence and auction mechanism performance among other important issues. For environments where the condition holds in the absence of policy intervention, we investigate which transfer policies preserve the substitutes condition in various economically meaningful settings, establishing a series of characterisation theorems. For environments where the condition may fail without policy intervention, we examine how to use transfer policies to re-establish it, finding exactly when transfer policies based on scales are effective for that purpose. These results serve to inform policymakers, market designers, and market participants of how transfer policies may impact markets, so more informed decisions can be made.
Link:https://doi.org/10.1093/restud/rdad032
