Chao He, Liaoning U

Chao He

Associate Professor of Economics

China Economic Research Institute

Liaoning University

E-mail: hechaoecon@foxmail.com

Education: Ph.D. in Economics, University of Wisconsin-Madison

Research Fields: Monetary; Theory; Labor; Trade

Recent Working Papers

Rushing for Services

Wanyi Chen and Chao He

We analyze why "Rushing for Services" creates different problems: Excluding non-urgent agents is optimal for storables but fails for non-storables (e.g., organ transplantation, pandemic hospitalization). However, triage is still insufficient due to a novel market failure: excessive waiting. Finally, while service rushes can be self-fulfilling, service runs cannot.

Locaion, Location, Location: How Favorable Shocks Can Be Bad for You

Chao He and Qi Tong

Document favorable industry shocks lower industry employment and wages in inland China. A model of inland entrepreneurs moving to coastal cities to take advantage of the shock, causing lower local labor demand. Present supporting evidence.

Peer-Reviewed Articles

Housing and Liquidity

Chao He, Randall Wright, and Yu Zhu, Review of Economic Dynamics, 2015

Price is hump-shaped in borrowing constraint and have complicated dynamics.

On Complicated Dynamics in Simple Models of Liquidity

Chao He and Randall Wright, Journal of Money, Credit and Banking, 2019

Complicated dynamics do not exist in a class of simple models of liquidity.

Education Policies, Pre-college Human Capital Investment and the Educated Unemployment

Tiantian Dai, Chao He, Xiangting Hu, and Xiangbo Liu, Journal of Economics, 2020

How capacity expansion and subsidy affect college grad unemployment.

Talent in the Public Sector: The Role of Migration and Housing Policies

Tiantian Dai, Chao He, and Shengyi Jiang, Economic Modelling, 2023