Published or Forthcoming Papers
1. Bubbles
and Total Factor Productivity, with Pengfei Wang,
forthcoming in American Economic Review
Papers and Proceedings. Online Appendix.
2. CEO Power, Compensation, and Governance, PDF, with Rui
Albuquerque, forthcoming in Annals of Economics
and Finance.
3. The
Dynamics of Mergers and Acquisitions in Oligopolistic Industries, with Dirk
Hackbarth, Journal of Economic Dynamics and Control 4
(2012), 585-609.
4. Ambiguity, Learning,
and Asset Returns, with Nengjiu Ju, Econometrica
80 (2012), 559-591.
5. The Determinants and
Dynamic Properties of China’s Urban Housing Prices, Investment Research 7 (2011), 2-13. (in Chinese)
6. Intertemporal Substitution and Recursive Smooth Ambiguity
Preferences, with Takashi Hayashi, Theoretical
Economics 6 (2011), 423-472.
7.
Risk, Uncertainty, and Option Exercise, with Neng Wang, Journal of
Economic Dynamics and Control 35 (2011), 442-461.
8. Transitional Dynamics
of Dividend and Capital Gains Tax Cuts, with Francois Gourio,
Review of Economic Dynamics 14
(2011), 368-383.
This is a substantial overhaul of the old version: “Dynamic Effects of Permanent and Temporary
Dividend Tax Policies on Corporate Investment and Financial Policies,” PDF
Media: The
Fiscal Times, The
Washington Post
9. Firm Heterogeneity and the
Long-Run Effects of Dividend Tax Reform, with Francois Gouriro,
American Economic Journal: Macroeconomics
2:1 (2010), 131-168.
10. Entrepreneurial
Finance and Non-Diversifiable Risk, with Hui Chen
and Neng Wang, Review
of Financial Studies 23 (2010), 4348-4388.
11. Ambiguity, Risk and Portfolio Choice under Incomplete
Information, Annals of Economics and Finance, 10 (2009)
257-279.
12. Option Exercise with Temptation, Economic Theory 34 (2008), 473-501.
13. Investment,
Consumption and Hedging under Incomplete Markets, with Neng
Wang, Journal of
Financial Economics 86 (2007),
608-642.
14. Capital Structure, Credit Risk, and Macroeconomic
Conditions, with Dirk Hackbarth, and Erwan Morellec, Journal of Financial Economics 82 (2006),
519-550.
15. A Search Model of
Centralized and Decentralized Trade, Review
of Economic Dynamics 9 (2006), 68-92.
16. Competitive
Equilibria of Economies with a Continuum of Consumers
and Aggregate Shocks, Journal of Economic Theory 128 (2006),
274-298.
17. Irreversible
Investment with Regime Shifts, with Xin
Guo and Erwan Morellec, Journal of Economic
Theory 122 (2005), 37-59.
18. Optimal Capital Structure and Industry Dynamics,
Journal of Finance 6 (2005), 2621-2659
19. Informed
Trading when Information Becomes Stale, with Dan Benhardt,
Journal of Finance 59 (2004), 339-390.
20. A Note on
Consumption and Savings Under Knightian
Uncertainty, Annals of Economics and
Finance 5 (2004) 299-311.
21. A
Two-Person Dynamic Equilibrium under Ambiguity, with Larry Epstein, Journal
of Economic Dynamics and Control 27 (2003) 1253-1288.