Zhiyong (John) Liu
Zhiyong (John) Liu
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Scott College of Business
Indiana State University
Email: john.liu@indstate.edu
Education
Education
Ph.D., Managerial Economics & Strategy, Kellogg School of Management, Northwestern University, 2005
M.A., Applied Economics, Guanghua School of Management, Peking University, 1996
B.A., Economics, College of Economics & Management, Wuhan University, 1993
Academic Positions
Academic Positions
Scott College of Business, Indiana State University
Professor of Insurance & Risk Management, August 2018 -
Associate Professor of Insurance & Risk Management, January 2012 - July 2018
Networks Financial Institute, Indiana State University
Fellow, 2013 -
Asian Journal of Law and Economics
Co-Editor, 2012 -
Robinson College of Business, Georgia State University
Assistant Professor of Risk Management & Insurance, July 2005 - December 2011
School of Economics & Management, Tsinghua University
Lecturer of Economics, July 1996 - July 1998
Research Interests
Research Interests
Risk Management & Insurance, Law and Economics, Industrial Organization, Corporate Finance, and Environmental Economics
Publications
Publications
29. "Can anti-corruption help realize the "strong" Porter Hypothesis in China? Evidence from Chinese manufacturing enterprises," with Wenjian He and Xiaoyang Chen, Journal of Asian Economics, 2022, Vol. 80, 101473. https://doi.org/10.1016/j.asiecon.2022.101473
28. “When Is Duplication of Effort a Good Thing in Law Enforcement?” with Zhewei Wang and Zhendong Yin, Journal of Public Economic Theory, 2022, 24 (4): 682-708. https://doi.org/10.1111/jpet.12568
27. “The more myopic, the more chaos? How the degree of traders’ short-termism affects the financial market equilibrium,” with Binbin Chen and Shancun Liu, International Review of Economics & Finance, September 2021, Vol. 75, pp. 596-608. https://doi.org/10.1016/j.iref.2021.04.031
26. “Unrequested Benefits, Damages Assessment, and Information Acquisition,” with Ronen Avraham and Yue Qiao, American Law and Economics Review, 2021, 23 (1): 207-253. https://doi.org/10.1093/aler/ahab006
25. “How do property rights affect credit restrictions? Evidence from China’s forest right mortgages,” with Jingwen Xu, Wenjian He, and Hongxiao Zhang, Small-scale Forestry, June 2021, Vol. 20, pp. 235-262. https://doi.org/10.1007/s11842-020-09466-1
24. “Property rights protection, environmental regulation and corporate financial performance: Revisiting the Porter Hypothesis,” with Wenjian He, Liangmin Tan, and Hongxiao Zhang, Journal of Cleaner Production, 2020, Vol. 264. https://doi.org/10.1016/j.jclepro.2020.121615
23. “Does Uncertainty Spread Vertically? A Theory of Multi-Layer Newsvendors under Asymmetric Information,” with Jiameng Yang and Steve Lamb, International Transactions in Operational Research, July 2020, 27 (4): 2112-2138. https://doi.org/10.1111/itor.12744
22. “The impact of firms’ social ties with customers on dual-channel supply chains,” with Wei Wei, Shue Mei, and Jiameng Yang, Marketing Intelligence and Planning, August 2020, 38 (6): 777-796. https://doi.org/10.1108/MIP-04-2019-0196
21. “Multimarket Exit, Strategic Merger, and Collusion,” Journal of Institutional and Theoretical Economics, September 2017, 173 (3): 395-418 (lead article). https://doi.org/10.1628/093245616X14793640933447
20. “Vertical Restraints, the Sylvania Case, and China’s Antitrust Enforcement,” with Yue Qiao, Review of Industrial Organization, September 2017, 51 (2): 193-215. https://doi.org/10.1007/s11151-017-9587-7
19. “Ex Ante versus Ex Post Expectation Damages,” with Ronen Avraham, International Review of Law and Economics, December 2012, 32 (4): 339-355 (lead article). https://doi.org/10.1016/j.irle.2012.07.004
18. “Abuse of Market Dominance under China’s 2007 Anti-monopoly Law: A Preliminary Assessment,” with Yue Qiao, Review of Industrial Organization, August 2012, 41 (1-2): 77-107. https://doi.org/10.1007/s11151-012-9346-8
17. “Private Information and the Option to Not Sue: A Re-evaluation of Contract Remedies,” with Ronen Avraham, Journal of Law, Economics, & Organization, April 2012, 28 (1): 77-102. https://doi.org/10.1093/jleo/ewp036
16. “Incomplete Contracts with Asymmetric Information: Exclusive versus Optional Remedies,” with Ronen Avraham, American Law and Economics Review, Fall 2006, 8 (3): 523-561. https://doi.org/10.1093/aler/ahl011
15. “Increased Hurricane Risk and Insurance Market Responses,” with Martin Grace and Robert Klein, Journal of Insurance Regulation, Winter 2005, 24 (2): 3-32 (lead article).
14. “Stackelberg Leadership with Demand Uncertainty,” Managerial and Decision Economics, July 2005, 26: 345-3 https://doi.org/10.1002/mde.1226
Other Publications
Other Publications
13. “Spatial-Temporal Distribution and the Influencing Factors of Water Conservation Function in Yunnan, China,” with Zhuo Qin, Jiameng Yang, and Mengyuan Qiu, Applied Sciences, 2023, 13 (21), 11720. https://doi.org/10.3390/app132111720
12. “Multi-agent Evolutionary Game Strategy for Ecotourism Development in National Parks: A Case Study of Wuyishan National Park,” with Suwan Li, Jiameng Yang, and Xu Cheng, Forests, 2023, 14(8), 1590. https://doi.org/10.3390/f14081590
11. “CO2 Emissions Accounting and Carbon Peak Prediction of China's Papermaking Industry,” with Jiameng Yang, Yuchen Hua, Jiarong Ye, and Shiying Xu, Forests, 2022, 13 (11), 1856. https://doi.org/10.3390/f13111856
10. “Exploring the Influence of Land Titling on Farmland Transfer-Out Based on Land Parcel Data,” with Ting Ye, and Wenjian He, Sustainability, 2022, 14 (5), 2633. https://doi.org/10.3390/su14052633
9. “Spatiotemporal changes and obstacle factors of forest ecological security in China: A provincial-level analysis,” with Honghong Yu, Jiameng Yang, and Mengyuan Qiu, Forests, 2021, 12 (11), 1526. https://doi.org/10.3390/f12111526
8. “Market Integration and Informational Efficiency of Africa’s Stock Markets,” with Godfred Aawaar and Devi Datt Tewari, Frontiers in Finance and Economics, December 2017, Vol. 14, Issue 2, pp.50-84.
7. “The Effect of Internationalization of Chinese Mainland Economy on Hong Kong as an International Financial Center,” (in Chinese), with Feng Song, Journal of Tsinghua University, 1997, Vol. 12, Issue 4.
6. “A Survey of New Institutional Economics,” (in Chinese), Finance and Economics, 1995, Vol. 1.
5. “Resource Allocation and the Institutional Choice: A Reconsideration of the Socialist Market Economy,” (in Chinese), Journal of Shanxi Finance and Economics College, 1995, Vol. 2.
4. “An Analysis on the External Factors of the Financial Reform,” (in Chinese), Reform & Strategy, 1994, Vol. 3.
3. “On the economic systemic factors and control of inflation during the transition," (in Chinese), with Xiaoyan Zhu, China Financial and Economic News, October 22, 1994.
2. "On the barriers to the development of business groups," (in Chinese), China Business Journal, June 01, 1993.
1. Chinese version translation of Walter Nicholson’s Microeconomic Theory: Basic Principles and Extensions (with Baoxian Zhu et al.), 1999, China Econ. Publishing Co.
Working Papers
Working Papers
“Does Product Market Competition Matter for Corporate Risk Management? Theory and Application to the U.S. Property-Liability Insurance Industry”.
“Competition Risk, Financial Stability, and Market Entry and Exit Decisions: Evidence from the Property-Liability Insurance Industry”.
“Reliance, Loss Mitigation, and Disgorgement Damages for Breach of Contract”.
“Incomplete Contracts under Uncertainty and Asymmetric Information: Theory and Experiments”.
“Credit restrictions, social capital, and farmers’ credit availability: Evidence from China’s forest right mortgages”.
“How Does Exclusive Dealing Affect Platform Competition? Theory and Evidence of the Short Video Platform Market”.
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