Department of Economics

Faculty of Arts and Social Sciences

Selected Publications


    Since 2015



  1. He J, Liu HM, Salvo A: Severe Air Pollution and Labor Productivity: Evidence from Industrial Towns in China, American Economic Journal-Applied Economics, forthcoming.

  2. Goette L, Harms A, Sprenger C: Randomizing endowments: An experimental study of rational expectations and reference-dependent preferences, American Economic Journal-Microeconomics, forthcoming.

  3. Chen YJ, Zenou Y, Zhou JJ: Multiple Activities in Networks, American Economic Journal-Microeconomics, forthcoming.

  4. Tan H, Wright J: A Price Theory of Multi-Sided Platforms: Comment, American Economic Review, forthcoming.

  5. Chew SH, Ratchford M, Sagi JS: You need to recognize ambiguity to avoid it, Economic Journal, forthcoming.

  6. Weiss Y, Yi JJ, Zhang JS: Hypergamy, cross-boundary marriages, and family behavior, International Economic Review, forthcoming.

  7. Zhong SF, Shalev I, Koh D, Ebstein RP, Chew SH: Competitiveness and stress, International Economic Review, forthcoming.

  8. Ko CY, Koyama M, Sng TH: Unified China and divided Europe, International Economic Review 59 (1), 285-327.

  9. Seo J: Tests of stochastic monotonicity with improved power, Journal of Econometrics, forthcoming.

  10. Liu B, Lu JF, Wang RQ, Zhang J: Optimal prize allocation in contests: The role of negative prizes, Journal of Economic Theory 175 (May), 291-317.

  11. Duffle D, Qiao L, Sun YN: Dynamic directed random matching, Journal of Economic Theory 174 (Mar), 124-183.

  12. Gong J, Lu Y, Song H: The effect of teacher gender on student's academic and noncognitive outcomes, Journal of Labor Economics, forthcoming.

  13. Cortes P, Pan J: When Time Binds: Substitutes for Household Production, Returns to Working Long Hours, and the Gender Wage Gap Among the Highly Skilled, Journal of Labor Economics, forthcoming.

  14. Yi JJ: Endogenous altruism: Theory and evidence from Chinese twins, Journal of Labor Economics, forthcoming.

  15. Agarwal S, Chomsisengphet S, Liu CL, Song CC, Souleles NS: Benefits of relationship banking: Evidence from consumer credit markets, Journal of Monetary Economics, forthcoming.

  16. Alfaro L, Antras P, Chor D, Conconi P: Internalizing global value chains: A firm-level analysis, Journal of Political Economy, forthcoming.

  17. Feng X, Lu JF: How to split the pie: Optimal rewards in dynamic multi-battle competitions, Journal of Public Economics 160 (Apr), 82-95.

  18. He J, Gouveia N, Salvo A: External Effects of Diesel Trucks Circulating Inside the São Paulo Megacity, Journal of the European Economic Association, forthcoming.

  19. Agarwal S, Chomsisengphet S, Mahoney N, Stroebel J: Do banks pass through credit expansions to consumers who want to borrow? Quarterly Journal of Economics 133 (1), 129-190.

  20. Liu B, Lu JF: Optimal two-stage procurement with hidden R&D efficiency, RAND Journal of Economics, forthcoming.

  21. Chen YJ, Zenou Y, Zhou JJ: Competitive pricing strategies in social networks, RAND Journal of Economics, forthcoming.

  22. In Y, Wright J: Signaling Private Choices, Review of Economic Studies 85 (1), 558-580.

  23. Cai XQ, Lu Y, Pan J, Zhong SF: Gender Gap under Pressure: Evidence from China's National Entrance Examination, Review of Economics and Statistics, forthcoming.


  24. Agarwal S, Marwell N, McGranahan L AF: Consumption responses to temporary tax incentives: Evidence from state sales tax holidays, American Economic Journal-Economic Policy 9 (4), 1-27.

  25. Chen CR: Untitled Land, Occupational Choice, and Agricultural Productivity, American Economic Journal-Macroeconomics 9 (4), 91-121.

  26. Nishimura H, Ok E, Quah JKH: A comprehensive approach to revealed preference theory, American Economic Review 107(4), 1239-1263.

  27. Chew SH, Miao B, Zhong SF: Partial ambiguity, Econometrica 85 (4), 1239-1260.

  28. Bag PK, Saha B: Corrupt bookmaking in a fixed odds illegal betting market, Economic Journal 127 (601), 624-652.

  29. Shrestha SA: No man left behind: Effects of emigration prospects on educational and labour outcomes of non-migrants, Economic Journal 127 (600), 495-521.

  30. Gentry M, Li T, Lu JF: Auctions with selective entry, Games and Economic Behavior 105 (Sep), 104-111.

  31. Lu JF, Parreiras SO: Monotone equilibrium of two-bidder all-pay auctions redux, Games and Economic Behavior 104 (Jul), 78-91.

  32. Chen R, Chen Y, Liu Y, Mei QZ: Does team competition increase pro-social lending? Evidence from online microfinance, Games and Economic Behavior 101 (Jan), 311-333.

  33. Sun X, Sun YN, Wu L, Yannelis NC: Equilibria and incentives in private information economies, Journal of Economic Theory 169 (May), 474-488.

  34. He W, Sun YN: Stationary Markov perfect equilibria in discounted stochastic games, Journal of Economic Theory 169 (May), 35-61.

  35. Bergemann D, Morris S, Takahashi S: Interdependent preferences and strategic distinguishability, Journal of Economic Theory 168 (Mar), 329-371.

  36. Lu Y, Tao ZG, Zhu LM: Identifying FDI spillovers, Journal of International Economics 107 (Jul), 75-90.

  37. Park J: Sovereign default and capital accumulation, Journal of International Economics 106 (May), 119-133.

  38. Ba BA, Ham JC, LaLonde RJ, Li XH: Estimating (Easily Interpreted) Dynamic Training Effects from Experimental Data, Journal of Labor Economics 35 (Jul), 149-200.

  39. Agarwal S, Amromin G, Ben-David I, Chomsisengphet S, Piskorski T, Seru A: Policy intervention in debt renegotiation: Evidence from the home affordable modification program, Journal of Political Economy 125 (3), 654-712.

  40. Wang Z, Wright J: Ad-valorem platform fees, indirect taxes and efficient price discrimination, RAND Journal of Economics 48 (2), 467-484.

  41. Chen YC, Di Tillio A, Faingold E, Xiong SY: Characterizing the strategic impact of misspecified beliefs, Review of Economic Studies 84 (4), 1424-1471.

  42. Qu ZJ, Tkachenko D: Global identification in DSGE models allowing for indeterminacy, Review of Economic Studies 84 (3), 1306-1345.

  43. Agarwal S, Qian WL: Access to home equity and consumption: Evidence from a policy experiment, Review of Economics and Statistics 99 (1), 40-52.

  44. Png IPL: Law and innovation: Evidence from state trade secrets laws, Review of Economics and Statistics 99 (1), 167-179.

  45. He W, Sun X, Sun YN: Modeling infinitely many agents, Theoretical Economics 12 (2), 771-815.


  46. Agarwal S, Qian WL, Reeb DM, Sing TF: Playing the boys game: Golf buddies and board diversity, American Economic Review 106 (5), 272-276.

  47. Duan JC^: Local-momentum autoregression and the modeling of interest rate term structure, Journal of Econometrics 194 (2), 349-359.

  48. Han H, Linton O, Oka T, Whang YJ: The cross-quantilogram: Measuring quantile dependence and testing directional predictability between time series, Journal of Econometrics 193 (1), 251-270.

  49. Horner J, Takahashi S: How fast do equilibrium payoff sets converge in repeated games? Journal of Economic Theory 165 (Sep), 332-359.

  50. Bag PK, Chowdhury PR: Gradualism in aid and reforms, Journal of International Economics 103 (Nov), 108-123.

  51. Ham JC, Li XH, Shore-Sheppard LD: The Employment dynamics of disadvantaged women: Evidence from the SIPP, Journal of Labor Economics 34 (4), 899-944.

  52. Hashmi AR, Van Biesebroeck J: The relationship between market structure and innovation in industry equilibrium: A case study of the global automobile industry, Review of Economics and Statistics 98 (1), 192–208.


  53. Lu Y, Yu LH: Trade Liberalization and Markup Dispersion: Evidence from China's WTO Accession, American Economic Journal-Applied Economics 7 (4), 221- 253.

  54. Eizenberg A, Salvo A: The Rise of Fringe Competitors in the Wake of an Emerging Middle Class: An Empirical Analysis, American Economic Journal-Applied Economics 7 (3), 85- 122.

  55. Fu Q, Lu JF, Pan Y: Team contests with multiple pairwise battles, American Economic Review 105 (7), 2120-2140.

  56. Miao B, Zhong SF: Comment on 'Risk Preferences are Not Time Preferences': Separating Risk and Time Preference, American Economic Review 105 (7), 2272-2286.

  57. Hörner J, Takahashi S, Vieille N: Truthful equilibria in dynamic Bayesian games, Econometrica 83 (5), 1795-1848.

  58. Yi JJ, Heckman J, Zhang JS, Conti G: Early health shocks, intrahousehold resource allocation, and child outcomes, Economic Journal 125 (588), F347-F371.

  59. Gentry M, Li T, Lu JF: Existence of monotone equilibrium in first price auctions with private risk aversion and private initial wealth, Games and Economic Behavior 94 (Nov), 214-221.

  60. Chen YC, Lehrer E, Li JT, Samet D, Shmaya E: Agreeing to agree and Dutch books, Games and Economic Behavior 93 (Sep), 108-116.

  61. Liu CA: Distribution theory of the least squares averaging estimator, Journal of Econometrics 186 (1), 142–159.

  62. Li T, Oka T: Set identification of the censored quantile regression model for short panels with fixed effects, Journal of Econometrics 188 (2), 363-377.

  63. Oyama D, Takahashi S: Contagion and uninvadability in local interaction games: The bilingual game and general supermodular games, Journal of Economic Theory 157 (May), 100-127.

  64. Benhabib J, Bisin A, Zhu SH: The wealth distribution in Bewley economies with capital income risk, Journal of Economic Theory 159 (Sep), 489-515.

  65. Che Y, Du JL, Lu Y, Tao ZG: Once an enemy, forever an enemy? The long-run impact of the Japanese invasion of China from 1937 to 1945 on trade and investment, Journal of International Economics 96 (1), 182-198.

  66. Liu Q, Lu Y: Firm investment and exporting: Evidence from China's value-added tax reform, Journal of International Economics 97 (2), 392-403.

  67. Pan J: Gender segregation in occupations: The role of tipping and social interactions, Journal of Labor Economics 33 (2), 365-408.

  68. Li B, Zhang J: Efficient education subsidization and the pay-as-you-use principle, Journal of Public Economics 129 (Sep), 41-50.

  69. Agarwal S, Chomsisengphet S, Mahoney N, Stroebel J: Regulating consumer financial products: Evidence from the Card Act, Quarterly Journal of Economics 130 (1), 111-164.

  70. Bertrand M, Kamenica E, Pan J: Gender identity and relative income within households, Quarterly Journal of Economics 130(2), 571-614.

  71. Edelman B, Wright J: Price coherence and excessive intermediation, Quarterly Journal of Economics 130 (3), 1283-1328.

  72. Li T, Lu JF, Zhao L: Auctions with selective entry and risk averse bidders: Theory and evidence, RAND Journal of Economics 46 (3), 524-545.

  73. Khan MA, Rath KP, Sun YN, Yu HM: Strategic uncertainty and the ex post Nash property in large games, Theoretical Economics 10 (1), 103-129.


  74. Agarwal S, Qian WL: Consumption and debt response to unanticipated income shocks: Evidence from a natural experiment in Singapore, American Economic Review 104 (12), 4205-4230.

  75. Hörner J, Takahashi S, Vieille N: On the limit perfect public equilibrium payoff set in repeated and stochastic games, Games and Economic Behavior 85 (May), 70-83.

  76. Sng TH, Moriguchi C: Asia's little divergence: state capacity in China and Japan before 1850, Journal of Economic Growth 19 (4), 439-470.

  77. Chen YC, Takahashi S, Xiong SY: The robust selection of rationalizability, Journal of Economic Theory 151 (May), 448-475.

  78. Agarwal S, Lucca D, Seru A, Trebbi F: Inconsistent regulators: Evidence from banking, Quarterly Journal of Economics 129 (2), 889-938.

  79. Agastya M, Bag PK, Chakraborty I: Communication and authority with a partially informed expert, RAND Journal of Economics 45 (1), 176-197.

  80. Avvisati F, Gurgand M, Guyon N, Maurin E: Getting parents involved: A field experiment in deprived schools, Review of Economic Studies , 81 (1), 57-83.


  81. Bertrand M, Pan J: The Trouble with Boys: Social Influences and the Gender Gap in Disruptive Behavior, American Economic Journal-Applied Economics 5 (1), 32-64.

  82. Polisson M, Quah JKH: Revealed Preference in a Discrete Consumption Space, American Economic Journal-Microeconomics 5 (1), 28-34.

  83. Chen YC, Xiong SY: Genericity and robustness of full surplus extraction, Econometrica 81 (2), 825-847.

  84. Antras P, Chor D: Organizing the global value chain, Econometrica 81 (6), 2127-2204.

  85. Carvajal A, Deb R, Fenske J, Quah JKH*: Revealed preference tests of the Cournot model, Econometrica 81 (6), 2351-2379.

  86. Chen YC, Xiong SY: The e-mail game phenomenon, Games and Economic Behavior 80 (Jul), 147-156.

  87. Wright J: Punishment strategies in repeated games: Evidence from experimental markets, Games and Economic Behavior 82 (Nov), 91-102.

  88. Creane A, Ko CY, Konishi H: Choosing a licensee from heterogeneous rivals, Games and Economic Behavior 82 (Nov), 254-268.

  89. Lu JF, Ye LX: Efficient and optimal mechanisms with private information acquisition costs, Journal of Economic Theory 148 (1), 393-408.

  90. Khan MA, Rath KP, Sun YN, Yu HM: Large games with a bio-social typology, Journal of Economic Theory 148 (3), 1122-1149.

  91. Sugaya T, Takahashi S: Coordination failure in repeated games with private monitoring, Journal of Economic Theory 148 (5), 1891–1928.

  92. Brueckner M, Gradstein M: Effects of transitory shocks to aggregate output on consumption in poor countries, Journal of International Economics 91 (2), 343-357.

  93. Lu Y, Tao ZG, Zhang Y: How do exporters respond to antidumping investigations?, Journal of International Economics 91 (2), 290-300.

  94. Cortés P, Pan J: Outsourcing household production: Foreign domestic workers and native labor supply in Hong Kong, Journal of Labor Economics 31 (2), 327-371.

  95. Quah JKH*, Strulovici B: Discounting, values, and decisions, Journal of Political Economy 123 (Oct), 896-939

  96. Hepburn CJ, Quah JKH*, Ritz RA: Emissions trading with profit-neutral permit allocations, Journal of Public Economics 98 (Feb), 85-99.

  97. Norets A, Takahashi S: On the surjectivity of the mapping between utilities and choice probabilities, Quantitative Economics 4 (1), 149-155.

  98. Edlund L, Li HB, Yi JJ, Zhang JS: Sex ratios and crime: Evidence from China, Review of Economics and Statistics, 95 (5), 1520-1534

  99. Hashmi AR: Competition and innovation: The inverted-U relationship revisited, Review of Economics and Statistics 95 (5), 1653-1668.

  100. Lu Y, Ng T: Import competition and skill content in U. S. manufacturing industries, Review of Economics and Statistics 95 (4), 1404-1417.


    Aaronson D, Agarwal S, French E: The spending and debt response to minimum wage hikes, American Economic Review 102 (2012), 3111-3139.

  101. Quah JKH*, Strulovici B: Aggregating the single crossing property, Econometrica 80 (2012), 2333-2348.

  102. Arezki R, Brückner M: Commodity windfalls, democracy and external debt, Economic Journal 122 (2012), 848-866.

  103. Chen YC: A structure theorem for rationalizability in the normal form of dynamic games, Games and Economic Behavior 75 (2012), 587–597.

  104. Ko CY, Konishi H: Profit-maximizing matchmaker, Games and Economic Behavior 75 (2012), 217–232.

  105. Lu JF: Optimal auctions with asymmetric financial externalities, Games and Economic Behavior 74 (2012), 561-575.

  106. Sun YN, Wu L, Yannelis NC: Existence, incentive compatibility and efficiency of the rational expectations equilibrium, Games and Economic Behavior 76 (2012), 329-339.

  107. Chen B, Takahashi S: A folk theorem for repeated games with unequal discounting, Games and Economic Behavior 76 (2012), 571-581.

  108. Bag PK, Pepito N: Peer transparency in teams: Does it help or hinder incentives?, International Economic Review 53 (2012), 1257-1286.

  109. Brückner M, Pappa E: Fiscal expansions, unemployment, and labor participation, International Economic Review 53 (2012), 1205-1228.

  110. Tan S: Directed search and firm size, International Economic Review 53 (2012), 95-113.

  111. Duan JC^, Sun J, Wang T: Multiperiod corporate default prediction - a forward intensity approach, Journal of Econometrics 170 (2012), 191-209.

  112. Chew SH, Sagi JS: An inequality measure for stochastic allocations, Journal of Economic Theory 147 (2012), 1517-1544.

  113. Duffie D, Sun YN: The exact law of large numbers for independent random matching, Journal of Economic Theory 147 (2012), 1105-1139.

  114. Jacquet NL, Tan S: Wage-vacancy contracts and coordination frictions, Journal of Economic Theory 147 (2012), 1064-1104.

  115. Chor D, Manova K: Off the cliff and back? Credit conditions and international trade during the global financial crisis, Journal of International Economics 87 (2012), 117-133.

  116. Arezki R, Brückner M: Rainfall, financial development, and remittances, Journal of International Economics 87 (2012), 377-385.

  117. Arezki R, Brückner M: Commodity windfalls, polarization, and net foreign assets, Journal of International Economics 86 (2012), 318-326.

  118. Bodenstein M, Hebden J, Nunes R: Imperfect credibility and the zero lower bound, Journal of Monetary Economics 59 (2012), 135-149.

  119. Jacquet NL, Tan S: Money and asset prices with uninsurable risks, Journal of Monetary Economics 59 (2012), 784-797.

  120. Brückner M, Chong A, Gradstein M: Estimating the permanent income elasticity of government expenditures: Evidence on Wagner's law based on oil price shocks, Journal of Public Economics 96 (2012), 1025-1035.

  121. Qu ZJ, Tkachenko D: Identification and frequency domain quasi-maximum likelihood estimation of linearized dynamic stochastic general equilibrium models, Quantitative Economics 3 (1), 95-132.

  122. Deltas G, Salvo A, Vasconcelos H: Consumer-surplus-enhancing collusion and trade, RAND Journal of Economics 43 (2012), 315-328.

  123. Wright J: Why payment card fees are biased against retailers, RAND Journal of Economics 43 (2012), 761-780.

  124. Brückner M, Ciccone A, Tesei A: Oil price shocks, income, and democracy, Review of Economics and Statistics 94 (2012), 389-399.

  125. Campante FR, Chor D: Schooling, political participation, and the economy, Review of Economics and Statistics 94 (2012), 841-859.


  126. Chen R, Chen Y: The potential of social identity for equilibrium selection, American Economic Review 101 (2011), 2562-2589.

  127. Brückner M, Ciccone A: Rain and the democratic window of opportunity, Econometrica 79 (2011), 923-947.

  128. Hörner J, Sugaya T, Takahashi S, Vieille N: Recursive methods in discounted stochastic games: An algorithm for delta -> 1 and a folk theorem, Econometrica 79 (2011), 1277-1318.

  129. Benhabib J, Bisin A, Zhu SH: The distribution of wealth and fiscal policy in economics with finitely lived agents, Econometrica 79 (2011), 123-157.

  130. Bag PK, Saha B: Match-fixing under competitive odds, Games and Economic Behavior 73 (2011), 318-344.

  131. Fudenberg D, Takahashi S: Heterogeneous beliefs and local information in stochastic fictitious play, Games and Economic Behavior 71 (2011), 100-120.

  132. Oka T, Qu ZJ: Estimating structural changes in regression quantiles, Journal of Econometrics 162 (2011), 248-267.

  133. Chen YC, Xiong SY: The genericity of beliefs-determine-preferences models revisited, Journal of Economic Theory 146 (2011), 751-761.

  134. Bodenstein M: Closing large open economy models, Journal of International Economics 84 (2011), 160-177.

  135. Bodenstein M, Erceg CJ, Guerrieri L: Oil shocks and external adjustment, Journal of International Economics 83 (2011), 168-184.

  136. Bag PK, Pepito N: Double-edged transparency in teams, Journal of Public Economics 95 (2011), 531-542.


  137. Brückner M, Ciccone A: International commodity prices, growth and the outbreak of civil war in sub-Saharan Africa, Economic Journal 120 (2010), 519-534.

  138. Brückner M: Population size and civil conflict risk: Is there a causal link?, Economic Journal 120 (2010), 535-550.

  139. Chen YC: Universality of the Epstein-Wang type structure, Games and Economic Behavior 68 (2010), 389-402.

  140. Bodenstein M: Trade elasticity of substitution and equilibrium dynamics, Journal of Economic Theory 145 (2010), 1033-1059.

  141. Takahashi S: Community enforcement when players observe partners' past play, Journal of Economic Theory 145 (2010), 42-62.

  142. Chor D: Unpacking sources of comparative advantage: A quantitative approach, Journal of International Economics 82(2010), 152-167.

  143. Lu JY, Lu Y, Tao ZG: Exporting behavior of foreign affiliates: theory and evidence, Journal of International Economics 81(2010), 197-205.

  144. Salvo A: Inferring market power under the threat of entry: the case of the Brazilian cement industry, RAND Journal of Economics 41 (2010), 326-350.

* previously recurrent Visiting Professor; Distinguished Professor from August 2015
^ courtesy appointment in the Department