My Google Scholar Page

Publications:

• “Political Competition at a Multilayer Hierarchy: Evidence from China” (joint with Xing Li, Chong Liu and Li-An Zhou), in The Chinese Economy:  a New Transition, published by Palgrave Macmillan, 2012.
• “Partial centralization in three-division organizations” (joint with Siguang Li), Nankai Business Review International, 5(2), 187-210, 2014.
• “Dynamic Pricing in the Presence of Individual Learning”, Journal of Economic Theory, 155, 262-299, 2015. (Paper, Web Appendix)
• “Learning and Efficiency with Search Frictions”, Frontiers of Economics in China, 10(3), 449-466, 2015. (Paper)
• “Can Learning Cause Shorter Delays in Reaching Agreements?” Journal of Mathematical Economics, 60, 49-62, 2015. (Paper)
• “Common Value Experimentation” (joint with Jan Eeckhout), Journal of Economic Theory, 160, 317-339, 2015. (Paper)
• “Random Authority” (joint with Siguang Li), Internatioanl Economic Review, 58, 211-235, 2017.  (Paper, Web Appendix)
• “Efficient Learning and Job Turnover in the Labor Market” (joint with Fei Li), International Economic Review, 58, 727-750, 2017. (Paper)
• “Can Prospect Theory Explain the Disposition Effect? A New Perspective on Reference Points” (joint with Juanjuan Meng), ​ Management Science, 64, 3331-3351, 2018. (Paper)
• “A Theory of Organizational Dynamics:Internal Politics and Efficiency”(joint with Hongbin Cai and Hong Feng), American Economic Journal: Microeconomics, 10 (4), 94-130, 2018. (Paper, Web Appendix)
• “Managerial Turnover and Entrenchment” (joint with Zenan Wu), Journal of Economics & Management Strategy, 27, 742-771, 2018. (Paper)
• “Target Setting in Tournaments: Theory and Evidence from China” (joint with Xing Li, Chong Liu and Li-An Zhou), Economic Journal, 129, 2888-2915, 2019. (Paper)
• “Formal Insurance and Informal Risk Sharing Dynamics” (joint with Wanchuan Lin and Juanjuan Meng), Journal of Economic Behavior & Organization, 180, 837-863, 2020. (Paper)
• “Star Ratings and the Incentives of Mutual Funds” (joint with Chong Huang and Fei Li), Journal of Finance, 75(3), 1715-1765, 2020. (Paper)
• “A Fairness-aware Incentive Scheme for Federated Learning” (joint with H Yu, Z Liu, Y Liu, T Chen, M Cong, D Niyato, Q Yang), The 3rd AAAI/ACM Conference on AI, Ethics, and Society (AIES-20). (Paper)
• “A Sustainable Incentive Scheme for Federated Learning” (joint with H Yu, Z Liu, Y Liu, T Chen, M Cong, D Niyato, Q Yang), IEEE Intelligent Systems, 35(4), 58-69, 2020. (Paper)
• “A Game-Theoretic Framework for Incentive Mechanism Design in Federated Learning” (joint with M Cong, H Yu, S Yiu) in Federated Learning: Privacy and Incentive (edited by Q Yang, L Fan, H Yu), published by Springer, 2020. (Paper)
• “Robust Persuasion of a Privately Informed Receiver​”(joint with Ju Hu), Economic Theory, 72(3), 909-953, 2021. (Paper)
• “Market Expanding or Market Stealing? Competition with Network Effects in Bike-Sharing” (joint with Guangyu Cao, Ginger Zhe Jin, and Li-An Zhou) Summary on Vox (11/9/2018), Rand Journal of Economics, 52(4), 778-814, 2021. (Paper)
• “The Making of Bad Gentry: The Abolition of an Exam, Local Governance and Anti-gentry Protests, 1902–1911” (joint with Yu Hao, Kevin Zhengcheng Liu, and Li-An Zhou), Journal of Economic History, 82(3), 625-661, 2022. (Lead Article). (Paper)
• "Assortative Learning" (joint with Jan Eeckhout), Economica, 89, 647-688, 2022. (Paper)
• “Optimal Contingent Delegation” (joint with Tan Gan and Ju Hu), Journal of Economic Theory, 208, 105597, 2023. (Paper)
• “Linear Riley Equilibria in Quadratic Signaling Games” (joint with Fan Wu and Xundong Yin), Journal of Economic Theory, 213, 105733, 2023. (Paper)
• “Meta-Backscatter: A New ISAC Paradigm for Battery-Free Internet of Things” (joint with Xu Liu, Hongliang Zhang, Kaigui Bian, and Lingyang Song), IEEE Communications Magazine, 62(9), 106-112, 2024. (Paper)
• “The Technological Origins of the Decline in Labor Market Dynamism” (joint with Jan Eeckhout), Journal of Economic Dynamics & Control, 169, 104962, 2024. (Paper)
• “You Get What You Pay For! An Economic Analysis of the Impact of Data Sponsorship on Content Production” (joint with Liangfei Qiu, Alex Wang, and Xin Wang) conditionally accepted by ISR
• “Optimal Taxation and Market Power” (joint with Jan Eeckhout, Chunyang Fu, and Wenjian Li) conditionally accepted by AER
• “The Political Economy of Ratchet Effect: Evidence from China's Environmental Regulation” (joint with Guangyu Cao, Mingwei Xu, and Li-An Zhou) Journal of Environmental Economics and Management, 131, 103150, 2025. (Paper)

Working Papers:​​​​

• “Minimum Performance Target, Multitasking, and Incentives: Theory and Evidence from China's Air Quality Controls” (joint with Guangyu Cao, Mingwei Xu, and Li-An Zhou) R&R JPubE​
• “Observational Learning and Information Disclosure in Search Markets” (joint with Ziying Fan, Li-An Zhou, and Yiyi Zhou) R&R Management Science​
• ​“Strategic Thinking and Media Bias: Evidence from Chinese Microblog Users” (joint with Yihong Huang and Juanjuan Meng) R&R Management Science
• “Building a Loyal and Cohesive Team of Your Own: A Screening-Based Theory of Faction Formation” (joint with Bo Feng and Qi Zhang)
• “No Fish in Too Clean Water: Demystifying the GDP Manipulation in China” (joint with Xienan Cheng, Changzhou Ma and Li-An Zhou)
• "Optimal Automation" (joint with Chunyang Fu and Wenjian Li)
• “From Traffic to Insights: Optimal Design of Platform Traffic and Data Analytics Services” (joint with Sihang Cai and Liangfei Qiu) R&R Management Science

Working in Progress:

• “Mismatch in the Presence of Assortative Learning” (joint with Jan Eeckhout)​​
• “Implementing Change in Organizations” (Joint with Jin Li, Niko Matouschek, Michael Powell)
• “Bidding for Property Rights” (joint with Fei Li and Siguang Li)​​
• ​“Optimal Pricing Scheme in the Presence of Social Learning and Costly Reporting” (joint with Xienan Cheng and Kaiwei Zhang)