B.A. in Economics fromNationalTaiwanUniversity, 1974.
M.A. in Economics fromStanfordUniversity, 1981.
Ph.D. in Economics fromStanfordUniversity, 1982.
Executive Dean ofNationalSchoolof Development (NSD) atPekingUniversity.
Langrun Chair Professor of Economics atPekingUniversity.
Academic Excellence Award in Humanities and Social Sciences (awarded annually to one scholar) by Ministry of Education ofTaiwan.
Research Excellence Award in Economics by National Science Council ofTaiwan.
Publications related to this theme
“Financial Leverage and market Volatility with Diverse Beliefs” (with Wen-Chung Guo and Frank Wang), Economic Theory, forthcoming 2011.
“General Equilibrium with Endogenous Uncertainty and Default” (with Graciela Chichilnisky), Journal of Mathematical Economics, Vol. 42, pp 499-524, 2006.
“Asset Price Volatility and Trading Volume with Rational Beliefs”, (with Wen-Chung Guo), Economic Theory, Vol. 23, 795-829, 2004.
“Speculative Trading with Rational Beliefs and Endogenous Uncertainty”, (with Wen-Chung Guo), Economic Theory, Vol 21, 263-292, 2003.
“Market Equilibrium with Endogenous Price Uncertainty and Options”, (with Peter Huang), in G. Chichilnisky ed. Markets, Information and Uncertainty: Essays in Honor of Kenneth J. Arrow, pp.97-119, Cambridge University Press, 1999.
“Endogenous Uncertainty in a General Equilibrium Model with Price Contingent Contracts”, (with Mordecai Kurz), Economic Theory, Vol. 8, 1996, Reproduced in Endogenous ncertainty and Economic Fluctuations, pp.145-172, Springer-Verlag, 1997.
“Individual Risk and Mutual Insurance”, (with David Cass and Graciela Chichilnisky), Econometrica, Vol. 64, 1996.