Publications
Publications
Li, Jinghong, Zanhui Liu, and Yang Yao (2025). Career Paths in Hierarchies: Theory and Evidence from Chinese Officials. Journal of Economic Behavior & Organization, 234, 107027. (SSRN)
Liu, Zanhui (2024). Information and Polarization. Journal of Economic Behavior & Organization, 226, 106686. (SSRN)
"Softening the Iron Cage: A Theory of Collusion and Adaptation in Bureaucracy", with Zhaotian Luo, and Yucheng Qiu.
R&R at European Journal of Political Economy
"Dynamics of Central-Local Relations in Centralized States", with Zhaotian Luo, Yucheng Qiu, Tianyang Xi, and Hongding Zhu.
"A Relational Theory of Power Alternation", with Zhaotian Luo, Yucheng Qiu, and Shuyi Yu.
"A Theory of International Official Lending", with Qing Liu, and Vivian Zhanwei Yue.
"Conditionality and Sovereign Debt", with Qing Liu and Vivian Zhanwei Yue.
"Efficient Political Budget Cycles", with Qing Liu and Xiaoying Xu. (Draft available upon request)
"Aristocratic and Bureaucratic Norms in Political Agency Relationship ", with Zhaotian Luo, Yucheng Qiu, and Shuyi Yu.
"Optimal Fiscal Policy with Hidden Borrowing", with Qing Liu and Zheng Michael Song.
"Political Incentives and Public Debt Accumulation: Evidence from a Cadre Evaluation Reform", with Xiaoying Xu.