Department of Economics

Faculty of Arts and Social Sciences

Selected Publications

Since 2016


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

  2. 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.

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

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

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

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

  7. 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, 214-221.

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

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

  10. 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.

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

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

  13. 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.

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

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

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

  17. 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.

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

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

  20. 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.

  21. 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.


  22. 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.

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

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

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

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

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

  28. 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.


  29. 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.

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

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

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

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

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

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

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

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

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

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

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

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

  42. 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.

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

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

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

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

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

  48. 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, 3111-3139.

  49. Quah JKH*, Strulovici B: Aggregating the single crossing property, Econometrica, 80, 2333-2348.

  50. Arezki R, Brückner M: Commodity windfalls, democracy and external debt, Economic Journal, 122, 848-866.

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

  52. Ko CY, Konishi H: Profit-maximizing matchmaker, Games and Economic Behavior, 75, 217–232.

  53. Lu JF: Optimal auctions with asymmetric financial externalities, Games and Economic Behavior, 74, 561-575.

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

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

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

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

  58. Tan S: Directed search and firm size, International Economic Review, 53, 95-113.

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

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

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

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

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

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

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

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

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

  68. 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, 1025-1035.

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

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

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

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

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


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

  75. Brückner M, Ciccone A: Rain and the democratic window of opportunity, Econometrica, 79, 923-947.

  76. 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, 1277-1318.

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

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

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

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

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

  82. Bodenstein M: Closing large open economy models, Journal of International Economics, 84, 160-177.

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

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


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

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

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

  88. Bodenstein M: Trade elasticity of substitution and equilibrium dynamics, Journal of Economic Theory, 145, 1033-1059.

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

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

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

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

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