Guoqiang Tian

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Guoqiang Tian Dr. Guoqiang Tian is a Professor in Economics at Texas A&M University. He received his Ph.D. in Economics from University of Minnesota in 1987, and served on the faculty at Texas A&M University as an Assistant Professor from 1987-1991 and as an Associate Professor from 1991-1995. Professor Tian has been the Private Enterprise Research Fellow at Texas A&M University since 1995, the Special-Term Professor, Tsinghua University in China since 2002, and the Advisor of International Technology and Economy Institute, Development Research Center of the State Council of P.R. China since 2000. He was a recipient of the Alfred P. Sloan Doctoral Dissertation Fellowship, the Lewis Faculty Fellowship of the College of Liberal Arts at Texas A&M University for a period of 1996-2002, the 1996 Tamkang University Lectureship Award in Taiwan, and the 2001 Zhu Ke Zhen Lectureship award, Zhejiang University, China, 2001. He is included in Who is Who in Economics as one of the 1,200 most frequently cited economists in the world in years 1990-2000 using the Social Science Citation Index. He is ranked 282 among the overall rankings (the average ranking on 11 publication ranking methods widely adopted in economics profession) and 504 by citation of top 1,000 worldwide economists for the periods of 1990-2000. Dr. Tian served as the President of the Chinese Economist Society (in USA) from 1991-1992 and the President of the Chinese Professors of Social Sciences in the United States from 1995-1997. He received Honorary Professorships from Huazhong University of Science and Technology, Wuhan Institute of Economics, Wuhan University of Technology, and Wuhan University of Hydraulic and Electric Engineering in 1993. Professor Guoqiang Tian has been author or co-author of over 60 publications in major economics and mathematics journals. Dr. Tian’s research interests include economic mechanism design, mathematical economics, general economic theory, dynamic optimization, game theory, transitional economics, and Chinese economies. He is Co-Editor of Annals of Economics and Finance. He also served on the editorial boards of China Economics Review and Modern China Studies, American Review of China Studies, and China Economic Quarterly..

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Reputation and Optimal Contracts for Central Bankers
http://www.paper.edu.cn 中国科技论文在线 Macroeconomic Dynamics, 15, 2011, 441–464. Printed in the United States of America. doi:10.1017/S1365100510000076 ARTICLES REPUTATION AND OPTIMAL CONTRACTS FOR CENTRAL BANKERS KEVIN X. D. HUANG Vanderbilt University GUOQIANG TIAN Texas A&M University and Shanghai University of Finance and Economics We implement optimal economic outcomes at the lowest social cost by combining reputation and contracting mechanisms to overcome the time-inconsistency problem of monetary policy associated with an inflation bias. We characterize the conditions under which the reputation force alone induces a central bank to behave in a socially optimal way. When these conditions fail, an incentive contract is invoked, whose cost is significantly reduced by the presence of the reputation force. The contract poses a penalty threat that is a concave function of wage growth, which in equilibrium is tied to expected rather than realized inflation, with a global maximum that provides the least upper bound on all threatened penalties. This bound can be used as a uniform penalty threat to achieve optimal economic outcomes and still, for moderate to large shocks, its magnitude can be much smaller than the size of the transfers required by the standard contracts that are linear functions of realized inflation rates. Further, under both the concave and the uniform penalty threats, the central bank will behave in the socially optimal way and no transfer is materialized in equilibrium. Thus our hybrid mechanism solves the time-inconsistency problem while leaving the central bank with complete discretion to respond to new circumstances, without any reputation cost or penalty threatened by the contract actually invoked along the equilibrium path.
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Table of Contents Acknowledgments P. 2 About the Host P. 3 Program Overview P. 4 - 5 Committees P. 6 - 7 Floor Map of the Conference Venue P. 8 - 9 Walking Route from Conference Venue to Lunch Venues P. 10 Walking Route from Conference Venue to Conference Dinner Venue P. 11 Opening Ceremony and Keynote Lectures P. 12 Invited Lectures P. 13 Overview of Contributed / Invited Sessions P. 14 - 22 Full List of Contributed / Invited Sessions P. 23 - 104 Full List of Presenters P. 105 - 120 Bad Weather Arrangement P. 120 Wi-Fi Connection in Conference Venue P. 121 - 135 1 Acknowledgments e would like to express our gratitude to the Econometric Society for providing us an opportunity W to host this prestigious conference. In particular, we thank Professor Atsushi Kajii, the Chair of the Asia Regional Standing Committee for his constant advice. We are indebted to Professor Christopher Pissarides and Professor Mark Rosenzweig, the Program Committee, Local Organizing Committee, Advisory Committee and session organizers for their valuable contributions to the conference. We would like to thank our University for great support during our conference organization. We are grateful to the Dean and the Faculty of Social Science for generous financial support. We are honored to have Professor Eddie Dekel (President of The Econometric Society, 2016), Mr. Mo-po Paul Chan (Financial Secretary of the Hong Kong Government), and Professor Benjamin Wah (Provost of The Chinese University of Hong Kong) to officiate at the opening ceremony. Last but not least, we would also like to take this opportunity to thank all our faculty members, staff and students for their dedicated work behind the scenes.
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February 2021 CURRICULUM VITAE DENNIS TAO YANG PERSONAL
February 2021 CURRICULUM VITAE DENNIS TAO YANG PERSONAL INFORMATION Work Address: Darden School of Business University of Virginia (UVA) Charlottesville, VA 22906, USA Phone: (434) 924−0906 Email: [email protected] Date and Place of Birth: February 1, 1966; Beijing, China Marital Status: Married; two children Citizenship: United States of America EDUCATION 1994 Ph.D., Economics, University of Chicago 1987 B.A., Economics, Magna Cum Laude, University of California, Los Angeles 1984 International Baccalaureate, United World College, Trieste, Italy FIELDS OF INTEREST Economic Development and Growth Labor and Demographic Economics Economics of China and Transition PROFESSIONAL EXPERIENCE Academic Positions: 2013− Dale S. Coenen Free Enterprise Professor, Darden School of Business, UVA 2012− Professor, Darden School of Business, UVA 2013−16 Chang Jiang Professorship, Antai College of Economics and Management, Shanghai Jiao Tong University, China 2007−12 Professor, Department of Economics, Chinese University of Hong Kong (CUHK) 2006−07 Professor, Department of Economics, Virginia Polytechnic Institute and State University (Virginia Tech); 2001−2005, Associate Professor 1994−2001 Assistant Professor, Department of Economics, Duke University 2012− Senior Fellow, Economic Research Center, Hong Kong Institute of Asia-Pacific Studies, CUHK 2010− Research Fellow, Institute for the Study of Labor (IZA), Germany 2005−14 Senior Fellow, Center for China in the World Economy, Tsinghua University 2007−13 Senior Fellow, China Center for Public Finance,
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Existence of Equilibria in Games with Arbitrary Strategy Spaces and Payoffs: a Full Characterization
Existence of Equilibria in Games with Arbitrary Strategy Spaces and Payoffs: A Full Characterization Guoqiang Tian¤ Department of Economics Texas A&M University College Station, Texas 77843 USA November, 2008/Revised: May, 2009 Abstract This paper provides a complete solution to the question of the existence of equilibria in games with general strategy spaces that may be discrete, continuum or non-convex and payoff functions that may be discontinuous or do not have any form of quasi-concavity. We establish a single condition, called recursive diagonal transfer continuity, which is both necessary and sufﬁcient for the existence of pure strategy Nash equilibrium in games with arbitrary compact strategy spaces and payoffs. As such, our result strictly generalizes all the existing results on the existence of pure strategy Nash equilibrium. Moreover, recursive diagonal transfer continuity also permits full characterization of symmetric, mixed strategy, and Bayesian Nash equilibria in games with general strategy spaces and payoffs. The approach and main result developed in the paper can also allow us to ascertain the existence of equilibria in impor- tant classes of economic games. As an illustration, we show how they can be employed to fully characterize the existence of competitive equilibrium for economies with excess demand functions. The method of proof adopted to obtain our main result is also new and elementary — a non-ﬁxed-point-theorem approach. Keywords: existence of pure, symmetric, mixed strategy, and Bayesian Nash equilibrium; recursive diagonal transfer continuity; discontinuity; non-quasiconcavity; nonconvexity. ¤This is a research project working on for a long time. I thank Paulo Barelli, Xiaoyong Cao, Eric Maskin, David Rahman, Mingjun Xiao, and seminar participants at Texas A&M University for comments and suggestions.
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PDF Is a Selection from a Published Volume from the National Bureau of Economic Research
This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: American Universities in a Global Market Volume Author/Editor: Charles T. Clotfelter, editor Volume Publisher: University of Chicago Press Volume ISBN: 0-226-11044-3; 978-0-226-11044-8 Volume URL: http://www.nber.org/books/clot08-1 Conference Date: October 2-4, 2008 Publication Date: May 2010 Chapter Title: Higher Education in China: Complement or Competition to US Universities? Chapter Author: Haizheng Li Chapter URL: http://www.nber.org/chapters/c11599 Chapter pages in book: (269 - 304) 8 Higher Education in China Complement or Competition to US Universities? Haizheng Li 8.1 Introduction In 2006, a total of 134,000 Chinese students went abroad to further their education, a number almost as large as the total number of new interna- tional students (142,923) coming to the United States from all countries.1 Chinese students accounted for 11.6 percent of the total number of inter- national students in the United States in that year. In recent years, China has ranked ﬁ rst, or second to India, in numbers of students studying in the United States. Since 1978, when China began to open to the outside world, the United States has been receiving an increasing number of Chinese stu- dents. In 2005, 23 percent of all overseas Chinese students were in the United States (Fazackerley and Worthington 2007). Chinese students mostly enroll in graduate programs in the United States, and they are in all major universities, especially Research I universities.
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On the Fundamentals of a Successful Reform for National Prosperity—An Economic Analysis Based on the Practice of China’S Reform
Front. Econ. China 2013, 8(4): 490–515 DOI 10.3868/s060-002-013-0025-5 RESEARCH ARTICLE Xudong Chen, Guoqiang Tian, Jijun Xia On the Fundamentals of a Successful Reform for National Prosperity—An Economic Analysis Based on the Practice of China’s Reform Abstract This paper discusses the fundamentals required for successful reform, i.e., the necessary institutional changes required to make a nation grow sustainably wealthier. It argues that enriching the people is a prerequisite for a prosperous nation and further reveals the inherent logic behind the statement “in order to enrich the people, they must be given private rights, and in order to protect the people’s private rights, public power must be limited.” Based on this argument, we examine and analyze the experience of China’s reform over the past 30 years and come to the conclusion that it is necessary to transform government functions and further deepen market-oriented reform. We hold that China’s economic performance bears no special or exceptional economic law, and there does not exist the so-called “China Model” characterized by government taking the leading role as a relatively mature, stable, and widely applicable development model, but that there does exist a Chinese development path or experience featuring the inherent logic of “prospering the nation through enriching its people” that can be employed by countries all over the world. Keywords prospering the nation through enriching its people, information asymmetry, incentive compatibility, limited government JEL Classification
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Robust Collusion with Private Information*
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June 17 June 18
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Guoqiang TIAN Qi LI* Since the Seminal
Mathematical Social Sciences 2 1 (1991) 67-79 67 North-Holland Guoqiang TIAN Department of Economics, Texas A&M University, College Station, Texas 77843, USA Qi LI* Department of Economics, University of Guclph, Guelph, Ontario NIG2 WI, Canada Communicated by M. Kaneko Received 10 October 1990 Revisec 30 October 1990 This paper deals mainly with the problem of designing mechanisms whose Nash allocations co- incide with the Lindahl allocations for public goods economies with any number of private and public goods. The mechanism presented here improves the previous mechanisms by introducing two new features. One is that the mechanism is balanced (not mere!y weakly balanced). The other is that the level of public goods is provided with the marginal cost pricing rule for both equilib- rium and disequilibrium messages so that the single-valued input demand outcome function is ob- tained by the Shephard lemma and the prices of public goods equal the minimum-unit-cost func- tions. Besides, the mechanism is single-valuep, individualiy feasible, and con:inuous. Key words: Lindahl allocations; completely feasible and continuous implementation; any num- ber of goods. Since the seminal paper of Hurwicz (1972) on mechanism design theory, there have been many mecknisms that solve free-rider problems in the serse that they result in Pareto efficient allocations for public goods economies at Nash equilibria. Groves and Ledyard (1977) were the first to propose a mechanism that yields optimal Nash allocations even though their mechanism is neither individually ra- tional nor individually feasible (i.e. individuals can be worse off at the equilibria than at their initial holdings and it may yield an allocation that is not in the con- sumption set for some agent).
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On Deep-Rooted Problems in China's Economy
Front. Econ. China 2011, 6(3): 345–358 DOI 10.1007/s11459-011-0137-1 RESEARCH ARTICLE Guoqiang Tian On Deep-Rooted Problems in China’s Economy © Higher Education Press and Springer-Verlag 2011 Abstract China’s economy is currently at a crossroad leading to two different directions. One is to further deepen the reform, concentrate on crucial aspects and relax control over details, govern by non-intervention and let the market play an increasing role and lead the economy; while the other is to enhance the state sector with weakening the private sector, and let the government play a greater role and lead the economy. Which direction should China head for? The answer would undoubtedly be the former. As such, this paper argues that there does not exist the so-called “China Model” and attributes the deep-seated problems caused by those misconceptions in China’s economy to three pairs of “over-emphasis” versus “under-emphasis”, namely, over-emphasis on the government versus under-emphasis on the market, over-emphasis on enriching state versus under-emphasis on enriching the people, and over-emphasis on development versus under-emphasis on public service. Moreover, in regard to how to solve these problems, the paper proposes to further advance the two fundamental transformations of government functions: (1) to transform from a development-oriented government to a service-oriented government, and (2) to transform from an omnipotent government to a limited government. Keywords government versus market, enriching state versus enriching the people,
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Journal of Mechanism and Institution Design Volume 2, Issue 1
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2021 Asian Meeting of the Econometric Society
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