Publications 2010-2019 - Department of Economics

Selected Publications

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

2019

Bag PK, Sharma T: Sequential Expert Advice: Superiority of Closed-Door Meetings, International Economic Review, 60(4), 1877-1910.

Chakraborty I: Simultaneous vs. Sequential Auctions with Risk Averse Bidders, Games and Economic Behavior, 113, 209-222.

Chang D, Chen R, Krupka R: Rhetoric Matters: A social identity explanation for the anomaly of framing, Games and Economic Behavior, 116, 158-178.

Chen YC, He W, Li JT Sun YN: Equivalence of Stochastic and Deterministic Mechanisms, Econometrica, 87(4), 1367-1390.

Alfaro L, Antras P, Chor D, Conconi P: Internalizing global value chains: A firm-level analysis, Journal of Political Economy, 127(2), 508-559.

Goette L, Harms A, Sprenger C: Randomizing endowments: An experimental study of rational expectations and reference-dependent preferences, American Economic Journal: Microeconomics, 11(1), 185-207.

Jo IH, Senga T: Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation, Review of Economic Dynamics, 32, 68-93.

Bowlus AJ, Liu HM, Robinson C: Different Paths? Human Capital Prices, Wages, and Inequality in Canada and the United States, Journal of Labor Economics, 37, 689-743.

He JX, Liu HM, Salvo A: Severe Air Pollution and Labor Productivity: Evidence from Industrial Towns in China, American Economic Journal: Applied Economics, 11(1), 173-201.

Hammond B, Liu B, Lu JF, Riyanto YE: Enhancing Effort Supply with Prize-Augmenting Entry Fees: Theory and Experiments, International Economic Review, 60(3), 1063-1096.

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, 37(2), 351-398.

Cai XQ, Lu Y, Pan J, Zhong SF: Gender Gap under Pressure: Evidence from China's National Entrance Examination, Review of Economics and Statistics, 101(2), 249-263.

He W, Sun YN: Pure-strategy equilibria in Bayesian games, Journal of Economic Theory, 180, 11-49.

Pei T, Takahashi S: Rationalizable Strategies in Random Games, Games and Economic Behavior, 118, 110-125.

Hagiu A, Wright J: The optimality of ad valorem contracts, Management Science, 65(11), 4951-5448.

Hagiu A, Wright J: Controlling versus enabling, Management Science, 65(2), 577-595.

Yi JJ: Endogenous altruism: Theory and evidence from Chinese twins, Journal of Labor Economics, 37(1), 247-295.

2018

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.

Agarwal S, Chomsisengphet S, Liu CL, Song CC, Souleles NS: Benefits of relationship banking: Evidence from consumer credit markets, Journal of Monetary Economics, 96, 16-32.

Chen YC, Li JT: Revisiting the Foundations of Dominant-Strategy Mechanisms, Journal of Economic Theory, 178, 294-317.

Chew SH, Ratchford M, Sagi JS: You need to recognize ambiguity to avoid it, Economic Journal, 128, 2480–2506.

Chew SH, Yi JJ, Zhang JS, Zhong SF: Risk Aversion and Son Preference: Experimental Evidence from Chinese Twin Parents, Management Science, 64(8), 3896-3910.

Tiefenbeck V, Goette L, Degen K, Tasic V, Fleisch E, Lalive R, Staake T: Overcoming Salience Bias?: how real-time information fosters resource conservation, Management Science, 64(3), 1458-1476.

Juraez Rubin, Ko CY, Xu JY: Sharing sequential values in network, Journal of Economic Theory, 177, 734-779.

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

Li BJ: Export Expansion, Skill Acquisition and Industry Sepcialization: Evidence from China, Journal of International Economics, 45, 346-361.

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

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

Liu B, Lu JF: Optimal two-stage procurement with hidden R&D efficiency, RAND Journal of Economics, 49(3), 619-655.

Ho TH, Png I, Reza S: Sunk Cost Fallacy and Driving the World’s Costliest Cars, Management Science, 64(4), 1-18.

He J, Gouveia N, Salvo A: External Effects of Diesel Trucks Circulating Inside the São Paulo Megacity, Journal of the European Economic Association, 17(3), 947–989.

Seo J: Tests of stochastic monotonicity with improved power, Journal of Econometrics, 207(1), 53-70.

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

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

Tan H, Wright J: A Price Theory of Multi-Sided Platforms: Comment, American Economic Review, 108(9), 2758-2760.

Weiss Y, Yi JJ, Zhang JS: Hypergamy, cross-boundary marriages, and family behavior, International Economic Review, 59(2), 757-784.

Cai XQ, Gong J, Lu Y, Zhong SF: Recover Overnight? Work Interruption and Worker Productivity, Management Science, 64(8), 3489-3500.

Zhong SF, Shalev I, Koh D, Ebstein RP, Chew SH: Competitiveness and stress, International Economic Review, 59(3), 1263-1281.

Chen YJ, Zenou Y, Zhou JJ: Competitive pricing strategies in social networks, RAND Journal of Economics, 49(3), 672-705.

Chen YJ, Zenou Y, Zhou JJ: Multiple Activities in Networks, American Economic Journal: Microeconomics, 10(3), 34-85.

2017

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

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.

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.

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

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

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

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

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

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

Zhang P, Hu GZ, Zhao LJ: China as number one? Evidence from China's most recent patenting surge, Journal of Development Economics, 124, 107-119.

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

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

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

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

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

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

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

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

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

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

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

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

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

2016

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

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

Ai W, Chen R, Chen Y, Mei Q, Phillips W: Recommending teams promotes prosocial lending in online microﬁnance, Proceedings of the National Academy of Sciences of the United States of America, 113(52), 14944-14948.

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

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.

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.

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.

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

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

2015

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

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.

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

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

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

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

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.

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

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

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.

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.

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

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.

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

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

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

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.

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

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

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.

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.

2014

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.

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.

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

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

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

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

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.

2013

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.

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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

2012

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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.

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

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

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

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

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

2011

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

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

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.

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

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

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

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

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

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

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

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

2010

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

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

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

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

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

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

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

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