Li, Zhi - Detail - People - FEEL
Principal Investigators / Faculty
    • Li, Zhi
    • Assistant Professor, The Wang Yanan Institute for Studies in Economics & The Department of Public Finance, School of Economics
    • Doctor Li received his Ph.D. in Economics from the University of Washington, Seattle in 2015. His research uses the tools of game theory (static, dynamic, and evolutionary), experimental economics and applied econometrics to develop and test novel economic mechanisms for public goods provision, with applications in, but not limited to, resource and environmental economics. Specifically, he has been working on mechanisms designed to improve or extend the provision point mechanism (PPM), where the good can be provided only if a threshold level of funding contributions is met. PPM is very important in public project fundraising: theoretically, a provision point induces a discontinuity in the payoff function which creates interior efficient Nash equilibria and hence is used by many fundraisers, e.g., Kickstarter; and practically, many public goods have an inherent threshold nature, e.g., public facilities, environmental conservation projects, and international environmental agreements (for climate change). Recently, he has also started to investigate experimentally cooperative game solutions to improve the efficiency of water allocations along a river.