Auctions, Mechanism Design, Dynamic Games, Industrial Organization, Behavioral Economics



"Optimal prize allocation in contests: The role of negative prizes," (with Bin Liu, Jingfeng Lu and Jun Zhang), Journal of Economic Theory, 175, 291–317, 2018.

"A network-city model of spatial competition," (with Tao Wang), Economics Letters 170, 168–170, 2018.

"Scarce human resources and equilibrium industry structure," (with Huasheng Song and Jianliang Ye), Journal of Economics, 124, 99–119, 2018.

"Limited Liability and High Bids in English Auctions," (with Tao Wang), The B.E. Journal of Theoretical Economics, 18, 2018.

"Goodwill Can Hurt: A theoretical and experimental investigation of return policies in auctions," (with Bram Cadsby, Ninghua Du and JunZhang), Games and Economic Behavior, 99, 224–238, 2016.

"Amenities and spatial talent distribution: evidence from the Chinese IT industry," (with Huasheng Song and Min Zhang), Cambridge Journal of Regions, Economy and Society, 9, 517–533, 2016.

"Optimal Mechanism Design with Resale via Bargaining," (with Jun Zhang), Journal of Economic Theory, 148, 2096–2123, 2013.

“Strategic Buybacks of Sovereign Debt,” (with Jacek Prokop), Frontiers of Economics in China, 7(1), 1-21, 2012.

"Listing Prices as Signals of Quality in Markets with Negotiation," Journal of Industrial Economics, 59(2), 321-341, 2011.

"Coalition Formation in the Presence of Continuing Conflict," (with Guofu Tan), International Journal of Game Theory, 39, 273-299, 2010.

"Switching Costs in Infinitely Repeated Games," (with Bart Lipman), Games and Economic Behavior, 66, 292-314, 2009.

"The Role of Information Revelation in Elimination Contests," (with Jun Zhang), Economic Journal, 119, 613-641, 2009.

"A Note on Redistributive Fairness and Economic Reform," (with Anna Rubinchik), Journal of Development Economics, 86, pp.447-452, 2008.

“The Optimal Consumption and the Quitting of Harmful Addictive Goods," The B.E. Journal of Economic Analysis & Policy: Vol. 7: Iss. 1 (Contributions), Article 15, 2007. Available at:

“Market Design with Correlated Valuations," (with Yongmin Chen), Economica, Vol.73, 659-672, 2006

"Equilibrium Selling Mechanisms," (with Yongmin Chen), Annals of Economics and Finance, Vol.5, 335-355, 2004.

"A Model of Competing Selling Mechanisms," (with Yongmin Chen), Economics Letters, Vol.85, No.2, 151-155, 2004.

"The Dynamics of Firms in the Presence of Adjustment Costs," Annals of Economics and Finance, Vol.2, No.2, 353-377, November 2001.

"Optimal Pricing Strategy for Durable-Goods Monopoly," Journal of Economic Dynamics and Control, Vol.25(5), 789-804, 2001.

"Separating Equilibria in Bargaining Models with Two-Sided Uncertainty," International Journal of Game Theory, Vol.29, 229-240, 2000.

“Switching Costs in Frequently Repeated Games,” (with Barton Lipman) Journal of Economic Theory, 93, 149-190, 2000.

"Bidding and Renegotiation in Procurement Auctions," European Economic Review, Vol.44, No.8, 1577-1597, 2000.

“More on Phantom Bidding,” (with Parimal Bag and Emin Dinlersoz), Economic Theory, Vol.15, No.3, 701-707, 2000.

“Learning Buyers’ Valuation Distribution in Posted-Price Selling,” (with Yongmin Chen), Economic Theory, Vol.14, No.2, 417-428, 1999.

"Strategic Invasion in Markets with Switching Costs," (with Quan Wen), Journal of Economics and Management Strategies, Vol.7, No.4, 521-549, Winter 1998.

"Auctions versus Posted-Price Selling: The Case of Correlated Private Valuations," Canadian Journal of Economics, Vol.31, No.2, 395-410, 1998.

"Probation, Layoffs and Wage-Tenure Profiles: A Sorting Explanation," (with Andrew Weiss), Labour Economics, Vol.5, No.3, 359-383, September 1998.

"Competition, Wage Commitments and Application Fees," Journal of Labor Economics, Vol. 15, No. 1, 124-142, January 1997.

"Simultaneous Auctions with Synergies and Common Values," (with Robert Rosenthal), Games and Economic Behavior, Vol.17, 32-55, 1996.

"Bargaining versus Posted-Price Selling," European Economic Review, Vol.39, No.9, 1747-1764, December 1995.

"Auctions versus Posted-Price Selling," American Economic Review, Vol. 83, No. 4, 838-851, September 1993.

"An Explanation of Inefficiency in Markets and A Justification for Buy-and-Hold Strategies," (with Robert Rosenthal), Canadian Journal of Economics, XXVI, No.3, 609-624, 1993.

"Strategic Behavior in Dynamic Auctions," Economic Theory, Vol. 3, No. 3, 501-516, July 1993.

"Common-Value Auctions with Discrete Private Information," Journal of Economic Theory, Vol.54, No.2, 429-447, Aug. 1991.

"Optimal Control of State Feedback of Linear Systems of Discrete-time," (with Chen Yougen) Control Theory and Applications, Vol.5, No.1, March 1988 (in Chinese).



"Evaluating China's Subsidy Policy: 1978-1984," in The Proceedings of the Fourth Economic Symposium of Chinese Young Economists, July 1988, University of California, Berkeley.

"Free Rider's Problem in Earthquake Insurance," Forum of Chinese Young Economist, Vol.3, No.2, Dec. 1987.