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Publications and Working Papers


[1] "Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India," with Shubham Chaudhuri and Penny Goldberg, American Economic Review, 96(5): 1477-1514, December 2006.

Reprinted in "Measuring WTO's Contributions to Global Economic Welfare,' Edited by Kym Andreson.


[2] "What Happens When Wal-Mart Comes to Town: An Empirical Analysis of the Discount Retail Industry," Econometrica, 76(6): 1263-1316, November 2008.

Winner of the Zellner Award for Best Dissertation, American Statistical Association.

Data and Code


[3] "Tracing the Woes: An Empirical Analysis of the Airline Industry," with Steven Berry, American Economic Journal: Microeconomics, 2(3): 1-43, August 2010.

Lead article.


[4] "The Impact of Commissions on Home Sales in Greater Boston," with Parag Pathak, American Economic Review (Papers and Proceedings), 100(2): 475-479, May 2010.


[5] "Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure," with Donald Andrews, Econometrica, 80(6): 2805-2826, November 2012. Online appendix.

Earlier version: Cowles Foundation Discussion Paper No. 1676R, 2008


[6] "The Cost of Free Entry: An Empirical Analysis of Real Estate Agents in Greater Boston," with Parag Pathak, The RAND Journal of Economics, 46(1): 103-145, January 2015. The top five most cited article published in RAND from 2015-2017.

Earlier version: NBER Working Paper No. 17227, 2011.


[7] "Conflicts of Interest and Steering in Residential Brokerage," with Parag Pathak and Maisy Wong, American Economic Journal: Applied Economics, 9(3), pp. 191-222, July 2017. Online appendix. 

Earlier version: NBER Working Paper No. 21489, 2015. Featured in AEA Research Highlights July 2017 https://www.aeaweb.org/research/charts/real-estate-agent-high-commission


[8] "Competition in the Real Estate Brokerage Industry: A Critical Review," with Maisy Wong, The Brookings Institution Publication, December 2019.

Brookings Summary.


[9] "Tightening Belts to Buy a Home: Consumption Responses to Rising Housing Prices in Urban China," with Andrew Waxman, Yuanning Liang, Shanjun Li and Meng Zhao, Journal of Urban Economics, January 2020, Volume 115, special issue.


[10] "Local Protectionism, Market Structure, and Social Welfare: China's Automobile Market," with Shengmao Cao and Shanjun Li, American Economic Journal: Economic Policy Vol. 13, No. 4, November 2021, pp. 112-51.

[11] "The Effect of Temperature Shocks on Household Consumption," with Wangyang Lai, Shanjun Li and Yanyan Liu. Nature of Human Behavior, Vol. 6, June 2022, pp. 847-846. Supplementary info.


[12] "COVID-19 Pandemic and Unemployment: Evidence from Mobile Phone Data in China," with Yongheng Deng, Xinfei Huang, Shanjun Li and Teng Li. Journal of Urban Economics, February 2023.


[13] "Information, Mobile Communication, and Referral Effects," with Yanyan Liu, Eleonora Patacchini and Qi Wu. American Economic Review, 2023, 113(5): 1170–1207. NBER working paper 25873. Online Appendix


[14] "Pass-through of Electric Vehicle Subsidies: a Global Analysis", with Hyuk-soo Kwon, Binglin Wang, and Nahim Bin Zahur. American Economic Review (Papers and Proceedings), 112(2), May 2023.


[15] "Commercial Casualties: Political Boycotts and International Disputes," with Shanjun Li, Jeremy Wallace, Jessica Chen Weiss. Journal of East Asian Studies, Oct 2023.


     [16] "Road Rationing Policies and Housing Markets," with Rhiannon Jerch, Shanjun Li and Jing Wu. Journal of Urban Economics, March 2024.

[17] "From Fog to Smog: the Value of Pollution Information," with Shanjun Li, Liguo Lin and Eric Zou, NBER working paper 26541. Covered by NBER Digest, VoxChina, VoxEU, and VoxDev. American Economic Review, 2024, 114(5): 1–45. Lead article.


[18] "The Healthcare Cost of Air Pollution: Evidence from the World's Largest Payment Network," with Shanjun Li, Deyu Rao and Nahim Bin Zahur, NBER working paper 24688. Covered by VoxChina, VoxEU, and VoxDev. Forthcoming at the Review of Economic Statistics, 2024


[19] "Industrial Policy Implementation: Empirical Evidence from China's Shipbuilding Industry," with Myrto Kalouptsidi and Nahim Zahur. Forthcoming at Review of Economic Studies, 2024. NBER working paper 26075. Covered by VoxChina, VoxEU, and The Economist.


[20] "Efficiency and Equity Impacts of Urban Transportation Policies with Equilibrium Sorting," with Shanjun Li, Andrew Waxman, Jing Wu and Tianli Xia. Conditional Acceptance at American Economic Review. NBER working paper 29012




[21] "Quid Pro Quo, Knowledge Spillovers and Industrial Quality Upgrading: Evidence from the Chinese Auto Industry," with Jie Bai, Shengmao Cao, and Shanjun Li. NBER working paper 27644. Revise and resubmit at American Economic Review.


[22] "Entry Deregulation, Market Turnover, and Efficiency: China's Business Registration Reform," with Luming Chen, Shanjun Li, and Xiaobo Zhang. Revise and resubmit at Review of Economics and Statistics.


[23] "Can Transportation Networks Facilitate Adaptation to Environmental Extremes?" with Dave Donaldson, Shanjun Li, Yatang Lin and Deyu Rao, 2023. NBER Working Paper 30462. Under review.


[24] "Attribute-based Subsidies and Market Power: an Application to Electric Vehicles," with Hyuk-soo Kwon and Shanjun Li.


[25] “The Welfare Effects of Passenger Transportation Infrastructure: Evidence from China’s High-Speed Rail Network,” with Jack Collison, Shanjun Li, Yatang Lin.



"Confidence Regions for Parameters in Discrete Games with Multiple Equilibria, with an Application to Discount Chain Store Location," with Donald Andrews and Steven Berry, 2004,

Superseded by "Inference for Parameters Defined by Moment Inequalities," Econometrica, 80(6): 2805-2826, November 2012.


"Conflicts of Interest and the Realtor Commission Puzzle," with Parag Pathak and Maisy Wong, NBER Working Paper 21489, 2015.

Superseded by "Conflicts of Interest and Steering in Residential Brokerage," American Economic Journal: Applied Economics, 2016.


"Air Pollution, Health Spending and Willingness to Pay for Clean Air in China," with Shanjun Li, Deyu Rao and Nahim Bin Zahur, SSRN working paper,

Superseded by "The Morbidity Cost of Air Pollution: Evidence from Consumer Spending in China," NBER Working Paper 24688.


"China's Industrial Policy: an Empirical Evaluation," with Myrto Kalouptsidi and Nahim Zahur, NBER working paper 26075,

Superseded by "Industrial Policy Implementation: Empirical Evidence from China's Shipbuilding Industry."



Other Publications and Non-academic Presentations


"Evaluating Urban Transportation Policies," with Shanjun Li, NBER Reporter, 2023


"From Fog to Smog: The Value of Pollution Information," with Shanjun Li, Liguo Lin, Eric Zou, VoxChina, VoxEU, VoxDev, NBER Digest, Jan 2020.


Panelist at Federal Trade Commission and Department of Justice public workshop, "What's New in Residential Real Estate Brokerage Competition," June 2018, https://www.ftc.gov/news-events/events-calendar/2018/04/whats-new-residential-real-estate-brokerage-competition-ftc-doj


"Air Pollution, Health Spending and Willingness to Pay for Clean Air," with Shanjun Li, Deyu Rao and Nahim Zahur, VoxChina, Aug 2017. Also broadcasted by a Singaporean video podcast (Wu Zhijian's Evidentialist Channel).


"The Morbidity Cost of Air Pollution: Evidence from Consumer Spending in China," with Shanjun Li, Deyu Rao and Nahim Zahur, VoxEU, Sep 2018. Also published in VoxDev, May 2019.


"Industrial Policies: Lessons Learned from China," with Myrto Kalouptsidi and Nahim Zahur, VoxChina, Sep 2019. Also published in VoxEU, Sep 2019.



Work in Progress


[26] "Dining on the Government's Dime vs. Dining on Your Own Dime," with Hanming Fang and Shanjun Li.