Ph.D. in Economics, Shaw Fellowship Recipient

Ph.D. in Mathematics (with emphasis in Statistics)

Visiting Student in the Department of Statistics

Master Program in Mathematics

Bachelor in Mathematics, Guo Mo-ruo Prize winner

Assistant Professor, Boston College, 1993 -

Research Fellow, the William Davidson Institute, the University of Michigan Business School, 1997 -

Senior Fellow, founding member, National Center for Economic Research, Tsinghua University, Beijing, China.

Instructor, Boston College, 1992 - 1993

Teaching Fellow, Harvard University, 1990 - 1992

Teaching Assistant, UC San Diego, 1985 - 1987

Research Assistant, UC San Diego and Stanford University, 1986 - 1988

Guest editor for the Symposium on the Soft Budget Constraint in the Journal of Comparative Economics.

Graduate courses: Game Theory and Economics of Information, Mathematics for Economists, Topics in Advanced Microeconomic Theory.

Undergraduate Courses: Mathematics for Economists, Statistics, and Economic Reform in China and Latin America.

Applied Microeconomic Theory

Organization Theory

Labor Economics

Corporate Finance

Public Economics

Comparative Economic Systems

Chinese Economy

Efficiency Losses from Tax Distortions vs. Government Control (with Roger H. Gordon and David Li), European Economic Review, forthcoming.

Bureaucratic Control and the Soft Budget Constraint. (with Yijiang Wang), Journal of Comparative Economics, 26(1): 41-61, March 1998.

The Soft Budget Constraint and Transition Economies: Introduction. Journal of Comparative Economics, 26(1): 9-10, March 1998.

Earnings Profile and Monitoring under Asymmetric Information. Economics Letters 57(2):219-225, December, 1997.

Enterprise Productivity and Efficiency: When Is Up Really Down? (with David Li and Yijiang Wang), Journal of Comparative Economics 24(3): 265-280, June 1997.

Hyperaccuracy of Bootstrap Based Prediction, (with Peter Bickel and Richard Olshen), in Probability in Banach Spaces 7, Progress in Probability, Birkhauser, 1990.

Discussion of "Theoretical Comparison of Bootstrap Confidence Intervals," by Peter Hall, (with Richard Olshen), Annual of Statistics, 16, 1988.

Agency in Project Screening and Restrictions on Project Termination (with Yijiang Wang, final revision for the Review of Economic Studies).

The paper was presented at (among other places):

In his entry on the soft budget constraint in the New Palgrave Dictionary of Economics and the Law, Janos Kornai devoted a full paragraph to present this paper as one of the two endogenous explanations for the soft budget constraint phenomenon. (The other explanation is offered by Dewatripont and Maskin, 1995.)

Contract Mix in Franchising. (with Zhigang Tao, revision and resubmission for the Journal of Economics and Management Strategy).

Breach Remedies and Holdups with Breach Inducement. (with Zhigang Tao, presented at the 1997 North American Summer Meeting of the Econometric Society and the Harvard Organization Theory Workshop).

Joint Ownership As a Contract Enforcement Device: An Application to the Joint Venture. (with Zhigang Tao and Changqi Wu).

Contract Mix and Ownership (with Zhigang Tao, presented at the 1997 North American Winter Meeting of the Econometric Society and accepted for presentation at the 1997 European Meeting of the Econometric Society).

Does Employee Ownership Improve Incentives for Workers' Effort? (with Chenggang Xu, presented at Harvard Organization Theory Seminar).

State Predation and Contract Enforcement: Information Decentralization as a Commitment Device (with David D. Li, Yingyi Qian, and Yijiang Wang, presented at the AEA session, "Institutional Changes in Action," on January 4, 1998, in Chicago).

State Owned Enterprises in Transition: A Multitask Perspective (with David Li, Zhigang Tao, and Yijiang Wang, presented at the 1997 William Davidson Institute Research Workshop on the Economics of Transition).

Uncertainty and the Employment Relationship: A Fixed-Wage Contract Model of Human Capital Investment (with Yijiang Wang, presented at Stanford University Business School, University of Wisconsin at Madison, Queen’s University, London School of Economics, and Boston University).

Capital Structure and Product Market Strategy (with Shan Li).

Intragovernment Procurement of Local Public Good: A Theory of Decentralization in Nondemocratic Government (with Yu Pan andYijiang Wang).

May, 1998: Department of Economics, University of Hong Kong, "Restricting Project Termination" (Joint work with Yijiang Wang).

April, 1998: Department of Economics, Harvard University, "Breach Remedies and Holdups with Breach Inducement" (joint work with Zhigang Tao).

January, 1998: Department of Economics, USC, "Restricting Project Termination" (Joint work with Yijiang Wang).

January, 1998: Department of Economics, the Hong Kong University of Science and Technology, "State Predation and Contract Enforcement: Information Decentralization and Transitional Institutions as Commitment Devices" (with David D. Li, Yingyi Qian, and Yijiang Wang).

December, 1996: Department of Economics, Harvard University/MIT (joint theory seminar), "Agency in Project Screening and Termination Decisions: Why is Good Money Thrown after Bad?" (Joint work with Yijiang Wang).

August, 1996: Department of Economics, the Hong Kong University of Science and Technology, "Agency in Project Screening and Termination Decisions: Why is Good Money Thrown after Bad?" (Joint work with Yijiang Wang).

September, 1994: Department of Economics, Harvard University, Organization Theory Workshop: "Ownership, Monitoring, and Worker's Efforts" (joint work with Chenggang Xu).

July, 1994: Department of Economics, the Hong Kong University of Science and Technology, "Capital Structure and Product Market Strategy" (joint work with Shan Li).

July, 1994: Department of Economics, University of Hong Kong, "Capital Structure and Product Market Strategy" (joint work with Shan Li).

May 25, 1993: Department of Economics, London School of Economics, "Wage Contracts and Specific Human Capital Investment under Uncertainty" (joint work with Yijiang Wang).

Feb. 8, 1993: Department of Economics, Boston University, "Wage Contracts and Specific Human Capital Investment under Uncertainty" (joint work with Yijiang Wang).

Feb. 8, 1992: Department of Economics, Queen's University, "Wage Contracts and Specific Human Capital Investment under Uncertainty" (joint work with Yijiang Wang).

Jan., 1992: Department of Economics, University of Wisconsin at Madison, "Wage Contracts and Specific Human Capital Investment under Uncertainty" (joint work with Yijiang Wang).

Jan., 1992: Stanford University Business School, "Wage Contracts and Specific Human Capital Investment under Uncertainty" (joint work with Yijiang Wang).

1999 ASSA meetings, AEA session on "the Soft Budget Constraint", "Investment Portfolio Choice under Soft Budget Constraints and Its Macro Implications" (with Yijiang Wang, invited to be published in the forthcoming AER papers and proceedings).

1998 William Davidson Institute Research Workshop on the Economics of Transition, "Intragovernment Procurement of Local Public Good: A Theory of Decentralization in Nondemocratic Government" (with Yu Pan and Yijiang Wang).

1998 William Davidson Institute Research Workshop on the Economics of Transition, "Efficiency Losses from Tax Distortions vs. Government Control" (with Roger H. Gordon and David Li).

1998 European Economic Association Annual Meetings, "Efficiency Losses from Tax Distortions vs. Government Control" (with Roger H. Gordon and David Li).

1998 ASSA meetings, AEA session on "Institutional Changes in Action", "State Predation and Contract Enforcement: Information Decentralization and Transitional Institutions as Commitment Devices" (joint work with David D. Li, Yingyi Qian, and Yijiang Wang).

1997 North American Summer Meeting of Econometric Society, "Contractual Remedies and Breach Inducement" (Joint work with Zhigang Tao).

1997 William Davidson Institute Research Workshop on the Economics of Transition, "Agency in Project Screening and Termination Decisions: Why is Good Money Thrown after Bad?" (Joint work with Yijiang Wang).

1997 William Davidson Institute Research Workshop on the Economics of Transition, "State Owned Enterprises in Transition: A Multitask Perspective" (with David Li, Zhigang Tao, and Yijiang Wang).

1997 ASSA Meetings, Econometric Society Session on Contract Theory, "Contract Mix and Ownership" (joint work with Zhigang Tao).

1997 ASSA Meetings, ACES Session on the Soft Budget Constraint, "Bureaucratic Control and Soft Budget as a Weak Link in the Incentives in China's State Sector" (joint work with Yijiang Wang).

1997 ASSA Meetings, AEA-CES joint session on Economics of Transition, "A Multitask View of State Owned Enterprises" (joint work with David Li, Zhigang Tao, and Yijiang Wang).

1996 ASSA Meetings, Econometric Society Session on Information, "Agency in Project Screening and Termination Decisions: Why is Good Money Thrown after Bad?" (joint work with Yijiang Wang).

1996 ASSA Meetings, CES session, "Partial Privatization as a Way to Harden the Budget Constraint: Reforming China's State-Owned Enterprises" (joint work with Yijiang Wang).

1995 the Eleventh International Economic Association Congress, "Does Employee Ownership Improve Incentives for Efforts?" (joint work with Chenggang Xu).

The 1995 Annual Meeting of the Chinese Economists Society. Presenting "Partial Privatization as a Way to Harden the Budget Constraint: Reforming China's State-Owned Enterprises" (joint work with Yijiang Wang).

August 1994: The International Conference on Property Rights in Hangzhou, China, Presenting "On Reforming the Ownership of the Chinese Township-and-Village Enterprises" (joint work with Chenggang Xu).

August 1993: The Annual Meeting of the Chinese Economists Society, Chairing the session "Microeconomic Theory".

January 1993: ASSA meetings, Discussing a paper by Yijiang Wang at the session "Alternative Transition Strategies to A Market Economy: The Case of China (II)".

Referee for the Journal of Political Economy, the Quarterly Journal of Economics, the Rand Journal of Economics, the Journal of Economics and Management Strategy, Economics Letters, Journal of Comparative Economics.

American Economic Association, Econometric Society, Chinese Economists Society.