Susheng WANG Professor Email: sswang@ust.hk Ph.D.   1991 University of Toronto, Economics M.S.    1985 Nankai University, China,             Mathematics B.S.     1982 Nankai University, China,             Mathematics Personal Home Page (http://ihome.ust.hk/~sswang)

ACADEMIC AND PROFESSIONAL EXPERIENCE

• Professor of Economics, Hong Kong University of Science and Technology (HKUST), 2011-
• Associate Professor of Economics, Hong Kong University of Science and Technology (HKUST), 2001-2011
• Assistant Professor of Economics, Hong Kong University of Science and Technology (HKUST), 1993-2001
• Visiting Scholar, Department of Economics, UCLA, Jan-Jul, 1998
• Assistant Professor, Department of Economics, Concordia University, 1991-93

SELECTED PUBLICATIONS

   Articles

• “Variable Capacity Utilization and Countercyclical Pricing under Demand Shocks,” International Journal of Economic Theory, forthcoming, with Lijing Zhu, 2007.

• “A First-Best Sharing Contract for the Agency Problem of Litigation,” International Review of Law and Economics, accepted with a minor revision, 2007.

• “Bargaining, Revenue Sharing and Control Rights Allocation,” International Economic Review, 46 (3), 895–915, with Tian Zhu, 2005.

• "Contract Law and the Boundaries of the Firm", Journal of Economic Research, 9, 93-113, with Tian Zhu, 2004.

• "Robustness of a Fixed-Rent Contract in a Standard Agency Model," Economic Theory, 24 (1), 111-128, with Sonku Kim, 2004.

• "Staged Financing in Venture Capital: Moral Hazard and Risks", Journal of Corporate Finance, 10 (1), 131-155, with Hailan Zhou, 2004.

• "The Distribution of Wealth with Uncertain Income'',  Economica, 70, 267-292, with Ian Irvine, 2003.
• "Saving Behavior and Wealth Accumulation in a Pure Life-Cycle Model with Income Uncertainty", European Economic Review, with Ian Irvine, 45 (2), 233-258, 2001.
• "The Determinants of Aggregate Wealth", Macroeconomic Dynamics, 4 (1), 22-41, 2000
• "Linear Contracts and the Double Moral-Hazard," Journal of Economic Theory, 82, 342-378, with Son Ku Kim, 1998
• "Foreign Direct Investment: Incentive to learn and Contract Enforcement," Journal of Comparative Economics, 26, 761-782, with Zhigang Tao, 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
• "Is Kreps-Porteus Utility Distinguishable From Intertemporal Expected Utility?", Economic Theory, 3, 1993, 119-127

SERVICE ACTIVITIES WITHIN COLLEGE AND PROFESSION

• Reviewer, American Mathematical Society, 1985-present
• Referee, Econometrica; Journal of Economic Theory; Review of Financial Studies