Selected Faculty Publications

Songnian CHEN

  • Chen, S. and  X. Wang: Semiparametric Estimation of Panel Data Models without Monotonicity or Separability, , forthcoming in Journal of Econometrics
  • CHEN, S., "Nonparametric Identification and Estimation of Truncated Regression Models".  REVIEW OF ECONOMIC STUDIES, Vol. 77(2010): 127-153
  • Chen, S., G.B. Dahl and S. Khan, "Estimation of a Nonparametric Censored Regression Model with an Application to Unemployment Insurance Spells", Journal of American Statistical Association. Vol. 100, Number 469, 212-211, 2005
  • Chen, S Rank Estimation of Transformation Models" Econometrica, 70, Chen, S., 1683-1696, 2002
  • Bilias, Y. S. Chen and Z. Ying: "Simple Resampling Methods for Censored Regression Quantiles," Journal of Econometrics, 99, 373-386, 2000


David COOK

  • David Cook and Michael B. Devereux, 2016, "The Optimal Currency Area in a Liquidity Trap." Journal of International Economics
  • David Cook and Juanyi Xu, 2015, "Eurosclerosis and International Business Cycles, Journal of International Economics
  • David Cook and Michael B. Devereux, "External Currency Pricing and the East Asian Crisis," Journal of International Economics,  Volume 69, Issue 1, June, 2006, Pages 37-63
  • David Cook "Monetary Policy in Emerging Markets: Can Liability Dollarization Explain Contractionary Devaluations?" Journal of Monetary Economics 51(6), September 2004, Pages, 1155-1181
  • Woon Gyu Choi and David Cook, "Liability Dollarization and the Bank Balance Sheet Channel, " Journal of International Economics 64(2), December 2004


Yukfai FONG

  • "Relational Contract, Limited Liability, and Employment Dynamics" (with Jin Li), Journal of Economic Theory, 2017, 169, 270-293.
  • "Information Revelation in Relational Contracts", (with Jin Li), Review of Economic Studies, 2017, 84, 277-299.
  • "Long-Lived Consumers, Intertemporal Bundling, and Collusion" (with Jim Dana), Journal of Industrial Economics, December 2011, 59 (4), 609-629
  • "When do Experts Cheat and Whom do They Target?", RAND Journal of Economics, Spring 2005, 36 (1), 113-130.    
  • "The Identification of Unobservable Independent and Spousal Leisure", (with Junsen Zhang), Journal of Political Economy, February 2001, 109 (1), 191-202.


Xinyu HUA

  • "Agency and Strategic Contracts: Theory and Evidence from R&D Agreements in the Pharmaceutical Industry," with Di Guo and Kun Jiang, International Journal of Industrial Organization, Vol. 54 (2017), pp. 37-64.
  • "Competition, Product Safety, and Product Liability," with Yongmin Chen, Journal of Law, Economics, and Organization, Vol. 33 (2017), pp.237-267.
  • "Ex ante Investment, Ex post Remedies, and Product Liability," with Yongmin Chen, International Economic Review, 2012, Vol.53: pp.845-866.
  • "Product Recall and Liability," Journal of Law, Economics, and Organization, 2011, Vol. 27: pp. 113-136.
  • "Strategic Ex-ante Contracts: Rent Extraction and Opportunity Costs," Rand Journal of Economics, 2007, Vol. 38: pp. 786-803


Guojun HE

  • He, Guojun and Shaoda Wang. Forthcoming. "Do College Graduates Serving as Village Officials Help Rural China?", American Economic Journal: Applied Economics, 2017, 9(4), pp 186-215.
  • He, Guojun, Maoyong Fan, and Maigeng Zhou. 2016. "The Effect of Air Pollution on Mortality: Evidence from the 2008 Beijing Olympic Games", Journal of Environmental Economics and Management, Vol. 79, pp. 18-39.
  • He, Guojun and Jeffrey M. Perloff. 2016. "Surface Water Pollution and Infant Mortality in China", Economic Development and Cultural Change, Vol. 65(1), pp. 119-139.
  • Ebenstein, Avraham, Maoyong Fan, Michael Greenstone, Guojun He, Peng Yin, Maigeng Zhou. 2015. "Growth, Pollution, and Life Expectancy: China from 1991-2012", American Economic Review (P&P), Vol. 105(5), pp. 226-231.  

Science publications:

  • Avraham Ebenstein, Maoyong Fan, Michael Greenstone, Guojun He* and  Maigeng Zhou. "New Evidence on the Impact of Sustained Exposure to Air Pollution on Life Expectancy from China's Huai River Policy" (*co-first author), Proceedings of the National Academy of Sciences, 2017, 201616784.


Yangguang HUANG


  • “Procurement auctions under quality manipulation corruption” with Jijun Xia, European Economic Review 111 (2019) 380–399
  • “Auction-Lottery Hybrid Mechanisms: Structural Model and Empirical Analysis, with Quan Wen, International Economic Review, Vol. 60, No. 1, February 2019

 Working papers

  • "Detecting Quality Manipulation Corruption in Scoring Auctions", 2017. 
  • "Structural Analysis of Tullock Contests with an Application to U.S. House of Representatives Elections", with Ming He, 2017 
  • "Whom to Educate? Financial Fraud and Investor Awareness", with Zhengqing Gui and Xiaojian Zhao, 2017  




  • "Testing Rationality without Restricting Heterogeneity" Journal of Econometrics, 197(1), pp. 153-171, March 2017, link.      

Working papers

  • Identifying Consumer Attention: A Product-Availability Approach (joint with Kosuke Uetake and Yasutora Watanabe) Last update: 15 November 2016, working paper, R&R requested by Management Science
  • Effectiveness of Product Recommendation under Context Effects (joint with Kosuke Uetake and Yasutora Watanabe) Last update: 9 October 2016, working paper, R&R requested by Marketing Science.
  • Workers or Algorithms: Delegation and Productivity in a Retail Business  Last update: 25 March 2016, working paper.


Edwin LAI

  • "Parallel Imports and Price Controls," with Gene M. Grossman, RAND Journal of Economics, vol. 39, issue 2, 2008.
  • "International Protection of Intellectual Property" (with Gene Grossman), American Economic Review, December 2004, pp.1635-53.
  • "Adjustment Costs and Gradual Trade Liberalization," with Taiji Furusawa, Journal of International Economics, December 1999, pp. 333-61.
  • "Schumpeterian Growth with Gradual Product Obsolescence," Journal of Economic Growth, March 1998, pp. 81-103.
  • "International Intellectual Property Rights Protection and Rate of Product Innovation," Journal of Development Economics, February 1998, pp. 133-53.


Yao Amber LI

  • "Geography, Ties, and Knowledge Flows: Evidence from Citations in Mathematics," with Keith Head and Asier Minondo. Review of Economics and Statistics, forthcoming.
  • "Trade Liberalization, Quality, and Export Prices," with Haichao Fan and Stephen Yeaple. Review of Economics and Statistics, December 2015, Volume 97, No. 5, pp. 1033-1051.
  • "On the Relationship Between Quality and Productivity: Evidence from China's Accession to the WTO," with Haichao Fan and Stephen Yeaple. Journal of International Economics, January 2018, Volume 110, pp. 28-49.
  • "Borders and Distance in Knowledge Spillovers: Dying over Time or Dying with Age? -- Evidence from Patent Citations," European Economic Review, October 2014, Volume 71, pp. 152-172.
  • "Margins of Imports, Forward-Looking Firms, and Exchange Rate Movements," with Haichao Fan and Chen Carol Zhao, Journal of International Money and Finance, March 2018, Volume 81, pp. 185-202.


Wooyoung LIM

  • 'The Emergence of Compositional Grammars in Artificial Codes.' (with Fuhai Hong and Xiaojian Zhao), Games and Economic Behavior, 102 (2017), 255-268
  • 'Coordination via Correlation: An Experimental Study.' (with John Duffy and Ernest K. Lai), Economic Theory, 64 (2017), 265-304.
  • 'An Experimental Investigation of Stochastic Adjustment Dynamics.' (with Philip Neary), Games and Economic Behavior, 100 (2016), 208-219.
  • 'An Experimental Analysis of Multidimensional Cheap Talk.' (with Ernest K. Lai and Joseph Tao-yi Wang), Games and Economic Behavior, 91(2015), 114-144.
  • 'Communication in Bargaining over Decision Rights,' Games and Economic Behavior, 85 (2014), 159-179.


Yatang LIN

  • "Travel costs and urban specialization patterns: Evidence from China’s high speed railway system." Journal of Urban Economics 98 (2017): 98-123.


Xun LU

  • Shrinkage Estimation of Dynamic Panel Data Models with Interactive Fixed Effects, Journal of Econometrics, 2016(190), 148-175, (with Liangjun Su).
  • Jackknife Model Averaging for Quantile Regressions, Journal of Econometrics, 2015(188), 40-58, (with Liangjun Su).
  • Specification Testing for Transformation Models with an Application to Generalized Accelerated Failure-time Models (with Arthur Lewbel and Liangjun Su), Journal of Econometrics, 2015(184), 81-96.
  • Testing for Separability in Structural Equations (with Halbert White), Journal of Econometrics, 2014(182), 14-26.
  • Robustness Checks and Robustness Tests in Applied Economics (with Halbert White), Journal of Econometrics, 2014(178), 194-206.


Yang LU

  • Che, Jiahua, Kim-Sau Chung and Yang K. Lu. “Decentralization and Political Career Concerns” (2017) Journal of Public Economics, Vol 145, 201-210
  • Lu, Yang K., Robert G. King and Ernesto Pasten. “Optimal Reputation Building in the New Keynesian Model” (2016) Journal of Monetary Economics, Vol 84, 233-249
  • Chen, Heng, Yang K. Lu and Wing Suen. “The Power of Whispers: A Theory of Rumor, Communication and Revolution” (2016) International Economic Review, Vol 57, Issue 1, 89-116
  • Lu, Yang K. “Optimal Policy with Credibility Concerns” (2013) Journal of Economic Theory, Vol 148, Issue 5, 2007-2032
  • King, Robert G., Yang K. Lu and Ernesto Pasten. “Managing Expectations” (2008) Journal of Money, Credit and Banking, Vol 40, Issue 8, 1625-1666


Albert PARK

  • Cai, Hongbin, Hongbin Li, Albert Park, and Li-an Zou, "Family Ties and Organizational Design: Evidence from Chinese Private Firms," Review of Economics and Statistics, 95(3): 850-867, 2013.
  • Park, Albert, Dean Yang, Xinzheng Shi, and Yuan Jiang.  "Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis," Review of Economics and Statistics 92(4): 822-842, 2010.
  • Park, Albert, and Sangui Wang.  "Community Development and Poverty Alleviation: An Evaluation of China's Poor Village Investment Program," Journal of Public Economics, 94(9-10): 790-799, 2010.
  • Park, Albert.  "Risk and Household Grain Management in Developing Countries," The Economic Journal 116(514): 1088-1115, 2006.
  • Park, Albert, Sangui Wang, and Guobao Wu.  "Regional Poverty Targeting in China," Journal of Public Economics 86(1): 123-153, 2002.



  • Asymmetric Information and Middleman Margins: An Experiment with Indian Potato Farmers (with Sandip Mitra, Dilip Mookherjee and Maximo Torero), Forthcoming, Review of Economics and Statistics.
  • Financing Smallholder Agriculture: An Experiment with Agent-Intermediated Microloans in India (with Pushkar Maitra, Sandip Mitra, Dilip Mookherjee and Alberto Motta), Journal of Development Economics, July 2017, Volume 127, pp. 306-337.
  • Unintended Consequences of Rewards for Student Attendance: Results from a Field Experiment in Indian Classrooms (with Melody M. Chao, Rajeev Dehejia and Anirban Mukhopadhyay), Economics of Education Review, October 2016, Volume 54, pp. 173-184.
  • The Distributive Impact of Reforms in Credit Enforcement: Evidence from Indian Debt Recovery Tribunals (with Ulf von Lilienfeld-Toal and Dilip Mookherjee), Econometrica, March 2012, Volume 80, Number 2, pp. 497-558.
  • Legal Reform and Loan Repayment: The Microeconomic Impact of Debt Recovery Tribunals in India, American Economic Journal: Applied Economics, July 2009, pp. 59-81.



  • Identification and Bayesian Estimation of Dynamic Factor Models. Jushan Bai and Peng Wang. Journal of Business and Economic Statistics, Volume 33, Issue 2, Pages 221-240, 2015.
  • Identification Theory for High Dimensional Static and Dynamic Factor Models. Jushan Bai and Peng Wang. Journal of Econometrics, Volume 178, Issue 2, Pages 794-804, 2014.
  • The Impact of Income on Democracy Revisited. Yi Che, Yi Lu, Zhigang Tao, and Peng Wang. Journal of Comparative Economics, Volume 41, Issue 1, Pages 159-169, 2013.
  • Conditional Markov Chain and its Application in Economic Time Series Analysis. Jushan Bai and Peng Wang. Journal of Applied Econometrics, 26(5) Pages 715-734, 2011. (Lead Article)
  • A Generalized Nonlinear IV Unit Root Test for Panel Data with Cross-Sectional Dependence. Shaoping Wang, Peng Wang, Jisheng Yang, and Zinai Li. Journal of Econometrics, Volume 157, Issue 1, Pages 101-109, 2010.


Pengfei WANG

  • Speculative Bubbles and Financial Crisis, with Yi Wen, American Economic Journal: Macroeconomics, July 2012, 4(3), pp. 184-221.
  • Land-Price Dynamics and Macroeconomic Fluctuation, with Zheng Liu and Tao Zha, Econometrica, May 2013, 81(3), pp. 1147-1184.
  • Sentiments and Aggregate Demand Fluctuations, with Jess Benhabib and Yi Wen, Econometrica., March 2015, 83(2), pp. 549-585.
  • Banking Bubbles and Financial Crisis, with Jianjun Miao, Journal of Economics Theory, 2015, 157, pp.763-792.
  • Sentiments, Financial Market, and Macroeconomic Fluctuations, with Jess Benhabib and Xuewen Liu, Journal of Financial Economics, May 2016,120(2), pp.420-443.


Susheng WANG

  • Wang, S.; Zhu, T. (2005): "Control Allocation, Revenue Sharing, and Joint Ownership," International Economic Review, 46(3), 895-915.
  • "Linear Contracts and the Double Moral-Hazard," Journal of Economic Theory, 82, 342-378, with Son Ku Kim, 1998
  • "Earnings Uncertainty and Wealth Accumulation: Comment", American Economic Review, 84, No. 5, 1994, 1463-1469 (with I. Irvine)
  • "The Local Recoverability of Risk Aversion and Intertemporal Substitution", Journal of Economic Theory, 59, No. 2, 1993, 333-363
  • "The Integrability Problem of Asset Prices", Journal of Economic Theory, 59, No. 1, 1993, 199-213


Danyang XIE

  • Wang P. and D. Xie, "Real Effect of Money Growth and Optimal Rate of Inflation in a Cash-in-Advance Economy with Labor-Market Frictions " Journal of Money, Credit and Banking, 2013.
  • Miao J. and D. Xie," Economic Growth under Money Illusion," Journal of Economic Dynamics and Control, 2013.
  • Wang P. and D. Xie, "Activation of a Modern Industry, " Journal of Development Economics, 2004.
  • Kongsamut P, S. Rebelo, and D. Xie, "Beyond Balanced Growth," Review of Economic Studies, 2001.
  • Xie, D., "Divergence in Economic Performance: Transitional Dynames with Multiple Equilibria," Journal of Economic Theory, 1994.


Jenny XU

  • Eurosclerosis and International Business Cycles, January 2015,  David Cook and Juanyi Xu,  Journal of International Economic, vol. 95(1), Pg. 54-67
  • Oil Price Stabilization and Global Welfare, November 2014, Qing Liu, Kang Shi, Zhouheng Wu, and Juanyi Xu,  Journal of Development Economics, vol. 111(C), Pg. 246-260.
  • Twin Dollarization and Exchange Rate Policy, May 2010, Kang Shi and Juanyi Xu, Journal of International Economics, vol. 81(1), Pg. 109-121. 
  • Global Monetary Policy under a Dollar Standard, March 2007,  Michael B. Devereux, Kang Shi, and Juanyi Xu, Journal of International Economics, vol. 71(1), Pg. 113-132.
  • Exchange Rates and Monetary Policy in Emerging Market Economies, April 2006, Michael B. Devereux, Philip R. Lane, and Juanyi Xu, Economic Journal, vol. 116(April) , Pg. 478-506.