• Yao Zhiyong

    Professor

    Applied Economics

    Add: Guoshun Road Siyuan Building Room 221, Siyuan Building

    Tel: 25011066(TEL)

    E-mail: yzy@fudan.edu.cn

    Research Field: Microeconomic Theory, Game Theory and Contract Theory, Industrial Organization, and Political Economy

    Website:

    Teacher information
    Achievements in scientific research
    Academic activities and community service

    Educational Background

    Doctor Degree,Economics,University of California, Los Angeles, USA

    Master Degree,Economics,Peking University

    Bachelor Degree,Economics,Peking University

    Academic Background

    2015.08——2015.12,Visiting Scholar,MIT Sloan School of Management, USA


    Journal Papers


    1.Lezhen Wu, Dingwei Gu, Zhiyong Yao, and Wen Zhou2024Creating a merger option to strategically prevent a merger among suppliers or customersNaval Research Logistics 71(2) 174-188.  



    2.Zhiyong Yao and Yao Huang2023Quid pro quoReview of Development Economics 27(1) 29-61.  



    3.Dingwei Gu, Zhiyong Yao, and Wen Zhou2022Proportional fee vs. unit fee: competition, welfare, and incentivesThe Journal of Industrial Economics 70(4) 999-1032.  



    4.Wen Cao, Qinyang Sha, Zhiyong Yao, Dingwei Gu, and Xiang Shao2019Sniping in soft-close online auctions: Empirical evidence from overstockMarketing Letters 30(2) 179–191.  



    5.Dingwei Gu, Zhiyong Yao, Wen Zhou, and Rangrang Bai2019When is upstream collusion profitable?RAND Journal of Economics 50(2) 326-341.  



    6.Zhiyong Yao, Dingwei Gu, and Wen Cao2019SOEs as intermediation: Leakage effect under financial repressionPacific-Basin Finance Journal 53 349-361.  



    7.Zhiyong Yao, Dingwei Gu, and Yongmin Chen2017Rating deflation versus inflation: On procyclical credit ratingsPacific-Basin Finance Journal 41 46-64.  



    8.Zhiyong Yao and Bingyong Zheng2016R&D cooperation between impatient rivalsBulletin of Economic Research 68(4) 396-413.  



    9.Zhiyong Yao2015Immediate settlement or enduring a strike: The choice of signalsBulletin of Economic Research 67(4) 324-335.  



    10.Zhiyong Yao and Wen Zhou2015Vertical or horizontal: Endogenous merger waves in vertically related industriesThe B.E. Journal of Economic Analysis & Policy 15(3) 1237-1262.  



    11.Yanli Zhang and Zhiyong Yao2015Challenges in organizational control: The economic and management perspectivesInternational Journal of Knowledge-Based Organizations 5(3) 33-44.  



    12.Zhiyong Yao and Bingyong Zheng2014Feasibility, stability, and multiple research joint venturesScottish Journal of Political Economy 61(2) 196-210.  



    13.Zhiyong Yao and Zhiguo Xiao2013A note on sequential auctions with multi-unit demandMathematical Social Sciences 66(3) 276-281.  



    14.Yao, Zhiyong2012Bargaining over incentive contractsJournal of Mathematical Economics 48(2) 98-106.  



    15.Yao, Zhiyong2011Bribe to cooperateManagerial and Decision Economics 32(8) 535-544.  



    16.Ping Zhang, Zhiyong Yao, and Yinan Feng2021Gradual reform of property tax——Empirical analysis based on tax element design schemesEconomic Theory and Business Management (12) 79-92(in Chinese) 



    17.Zhibiao Liu and Zhiyong Yao2021Development and innovation of industrial economics in China: Using industrial chains as the main conceptJournal of Nanjing University of Finance and Economics (5) 1-10(in Chinese) 



    18.Zhibiao Liu, Zhiyong Yao, and Lezhen Wu2020Research on consolidating China's division of Labor in the process of global industrial chain restructuringEconomist -11 51-57(in Chinese) 



    19.Zhiyong Yao2015China deposit insurance act is incentive compatibleTSINGHUA Financial Review (5) 41-43(in Chinese) 



    20.Denghui Li and Zhiyong Yao2015Estimation for China's optimal unemployment insurance benefit levelReview of Industrial Economics 14(1) 59-72(in Chinese) 



    21.Lei Zhang and Zhiyong Yao2013Unemployment insurance design: An analysis based on moral hazard and adverse selectionReview of Industrial Economics 12(2) 72-83(in Chinese) 



    22.Xia, Fan and Zhiyong Yao2013Rating overestimation vs. underestimation: The international credit rating agency's procyclical behaviorJournal of Financial Research (2) 184-193(in Chinese) 



    23.Yao, Zhiyong and Fan Xia2012Optimal deposit insurance design: International experiences & theoretical analysisJournal of Financial Research (7) 98-111(in Chinese) 


    Papers in Books

    Yao, Zhiyong.The institutional foundation for a honest society: An analysis based on repeated game.In .Fudan Industrial Economic Review.第4辑,2009

    Research Projects

    2024.01—2027.12Principal InvestigatorStudies on Algorithmic Personalized Pricing, Collusion, and Their RegulationsNational Natural Science Foundation of China

    2022.01—2026.12MemberThe dynamics of competition and innovation in digital economyNational Natural Science Foundation of China(Major Program)

    2020.06—2020.12Principal InvestigatorThe Impact of COVID-19 on Shanghai's Participation in the Global Industrial Chain and Its CountermeasuresProgram of Shanghai Consultation Service

    2019.06—2019.11Principal InvestigatorThe Transformation and Sustainable Growth of Yanchang Petroleum under the Low Carbon EconomyProgram of Fudan Development Institute

    2019.01—2022.12Principal InvestigatorPlatform Merger and Government Regulation: Analysis Based on Two-Sided MarketsNational Natural Science Foundation of China

    2017.01—2018.12Principal InvestigatorHorizontal Mergers and Merger Transmission in Vertically Related IndustriesThe University of Hong Kong- Fudan University IMBA Joint Research Fund

    2014.08—2016.08Principal InvestigatorAmbiguity Aversion and Market CrashesThe University of Hong Kong- Fudan University IMBA Joint Research Fund

    2013.01—2016.12Principal InvestigatorReputation, Rating Cycle, and Business Cycle: Studies on the Behaviors of International Credit Rating Agencies and the Development of China's Credit Rating IndustryNational Natural Science Foundation of China

    2012.02—2015.02Principal InvestigatorHorizontal Merger, Vertical Merger and Endogenous Market Structure: On Iron Ore-Rare Earth Dilemma and Its Policy ImplicationsMinistry of Education Humanities and Social Sciences Program

    2011.06—2011.10Principal InvestigatorMerger Waves in Vertically Related IndustriesNET Institute

    2011.01—2013.12Principal InvestigatorR&D Cooperation between Asymmetric Firms: Analysis Based on Repeated Game TheoryThe Ph.D. Programs Foundation of Ministry of Education of China

    2011.01—2013.12Principal InvestigatorInformation Cost, Random Matching and Endogenous Information System: Analysis Based on Repeated Game TheoryScientific Research Foundation for the Returned Overseas Chinese Scholars, State Education Ministry


    Enterprise Positions

    2022.01—Shanghai Real Estate Economic Society,Vice President

    Case

    Zhiyong Yao,Yao HuangTwo Models of Microfinance, , 2019

    Zhiyong Yao,Kun Lin,Yixuan HuangPlatform Competition in China: Alibaba vs. Tencent, , 2019

    Zhiyong Yao,Ruonan FangFotile: How to Go from Excellence to Greatness, , 2016

    Zhiyong Yao,Xi HeInternational Credit Rating: Rating Agencies and Rating Methods, , 2016