2026-01-19T17:18:01+08:00

Email

zaifuyang@um.edu.mo

Tel

+853 8822 4274

Office

Faculty of Social Sciences (FSS)
University of Macau
Avenida da Universidade, Taipa, Macao
Humanities & Social Sciences Building (E21B), 4005

Personal Website

https://scholar.google.com/citations?user=p5KwP-oAAAAJ

Zaifu YANG 楊再福

University of Macau Development Foundation (UMDF) Chair Professor of Economics
Chair Professor
Director of Centre for Institution and Mechanism Design

Research Interests

Primary

  • Auction/Market/Mechanism Design
  • Economic Theory
  • Development,  Sustainability, Taxation
  • Competition and Cooperation, Game Theory
  • Rights and Obligations, Social Choices

Secondary

  • Algorithms/Computing
  • Discrete Optimization
  • Fixed Point Theory
  • Operations Research

Publications

  1. Consumption, Wealth, Frugality, and Economic Growth. Annals of Economics and Finance,  2024, vol. 25, pp. 31–61 (with Rong Zhang).
  2. Efficiency, Stability, and Commitment in Senior Level Job Matching Markets. Journal of Economic Theory,  2021, vol. 194, 105259 (with Ning Sun).
  3. Efficient Kidney Exchange with Dichotomous Preferences. Journal of Health Economics, 2021, vol. 80, 102536 (with Yao Cheng).
  4. Random Decentralized Market Processes for Stable Job Matchings with Competitive Salaries. Journal of Economic Theory, 2016, vol. 165, pp. 25–36 (joint with Bo Chen and Satoru Fujishige).
  5. An Efficient and Incentive Compatible Dynamic Auction for Multiple Complements. Journal of Political Economy, 2014, Vol. 122, No. 2, pp. 422–466 (With Ning Sun).
  6. Discrete Fixed Point Analysis and Its Applications. Journal of Fixed Point Theory and Applications (a special issue in honour of Professor Steve Smale), 2009, vol. 6, pp. 351-371.
  7. A Double-Track Adjustment Process for Discrete Markets with Substitutes and Complements. Econometrica, 2009, Vol. 77, No. 3, pp. 933–952 (With  Ning Sun).
  8. On the Solutions of Discrete Nonlinear Complementarity and Related Problems. Mathematics of Operations Research, 2008, Vol. 33, No. 4, pp. 976-990.
  9.  Equilibria and Indivisibilities: Gross Substitutes and Complements. Econometrica, 2006, Vol. 74, No. 5,  pp. 1385–1402 (With Ning Sun).
  10. A Note on Kelso and Crawford’s Gross Substitutes Condition. Mathematics of Operations Research, 2003, Vol. 28, No. 3, pp. 463–469 (With Satoru Fujishige).
  11. Equilibrium in an Exchange Economy with Multiple Indivisible Commodities and Money. Journal of Mathematical Economics,  2000, Vol.33, pp. 353-365.
  12. The Computation of a Continuum of Constrained Equilibria. Mathematics of Operations Research,  1996, Vol. 21, No. 3, pp. 675-696 (With Jean-Jacques Herings and Dolf Talman).
  13. A Simplicial Algorithm for Computing Robust Stationary Points of a Continuous Function on the Unit Simplex. SIAM Journal on Control and Optimization, 1996, Vol. 34, No. 2, pp. 491 — 506.
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