Yao Dongmin

Position: Director Assistant 

Titles: Associate Professor 

Organization: Central University of Finance and Economics

Research fields: basic fiscal theory, organizational economics, game theory applications

Affiliated team: Basic Fiscal Theory and Policy 

Email: yaodongminn@cufe.edu.cn

Education background

1. 09/2011-06/2014  PhD candidate in game theory and its applications, theoretical economics, School of Economics, China Renmin University

2.  09/2008-09/2011  Master’s degree in mathematical finance, applied economics, Postgraduate School of Chinese Economy and Management, Central University of Finance and Economics

3. 09/2004-07/2008  Bachelor’s degree in international economics and trade, applied economics, School of Finance, Central University of Finance and Economics

Work experience 

1. 10/2016-Present  Associate Professor at Central University of Finance and Economics 

2. 07/2014-10/2016  Lecturer at Central University of Finance and Economics 

Academic papers

1.  The Puzzle of High Saving Rate in China:Theoretical Mechanism and Empirical Facts of Precautionary Saving，China Economists 2019（中国经济学人），Accepted（受刊物邀请翻译）

2. How a Disaster Affects Household Saving: Evidence from China’s 2008 Wenchuan Earthquake，Journal of Asian Economics 2019（SSCI，A），vol. 64， issue 10， pages 1-16，第一作者同时为通讯作者

3.  Bargaining to Design Contracts under Moral Hazard，Journal of Institutional and Theoretical Economics 2019（SSCI，A），Online First， pages 1-22，

4. Knowledge, Belief and Equilibrium – A Discussion on the Belief System of Solution Concept, Teaching and Research (12) (CSSCI, A), the third author/correspondence author

5. The Primary Exploration into the Nature of Internet Search Service and its Ways of Market Supply – Analysis based on New Public Finance, Management World (8) (CSSCI, AA), the second author/correspondence author

6. Is the Income of the Staff in the Public Sector Relatively Low – Blinder-Oaxaca Decomposition, Statistical Research (6) (CSSCI, A), the first author

7. One-size-fit-all or Differentiation – the Optimal Contract Design for the Pension Scheme, Modern Economic Science (3) (CSSCI, A), the first author, reprinted by the China Social Science Abstracts (10) in October 2016

8. Diverse Functions and Operation Efficiency of SOEs: 1999-2016, Reform (3) (CSSCI, A), the first author 

9. The Terminology System in the Mid-Budget Framework Research, its Construction, Development and the Changes in China’s Application, Public Finance Research (1) (CSSCI, A), the second author/correspondence author

10. The Relationship between Postponed Retirement and Unemployment Rate against the Backdrop of Industrial Structure Upgrade, China Industrial Economics (1) (CSSCI, A), sole author 

11. Industrial Structure and Economic Risks- Model Analysis from the “Dutch Disease”, The Journal of Humanities (2) (CSSCI, B), the third author

12. Why Is It Better to Hire an Optimist? – Optimal Contract amidst Ambiguity, China Journal of Economics (4), the first author

13. Counties Specifically Designated in the Provincial Plan or Entirely Administrated by Provinces: Model Alternatives to Expand the Authorities in the Reform of Counties Specifically Designated in the Provincial Plan, Management World (4) (CSSCI, AA), the second author/correspondence author

14. Move Up the Career Ladder? – Empirical Analysis based on the Two Choices over the Labor Locations of the Migrant Workers, Nankai Institute of Economics (1), (CSSCI, A), the first author

15. Efficiency Differences When the Conditions Are Met: Comparison between PPP Model and Conventional Model, Reform (2) (CSSCI, A), the first author

16. Will Aging Society Influence Scientific Innovation – Literature Analysis based on Age Structure and Innovation Capability, Management Review (8) (CSSCI, A), the first author

17. Empirical Test on the Factors Influencing the Productivity of China’s High-Tech Industries, Economic Theory and Business Management (5) (CSSCI, A), the third author/correspondence author 

18. Empirical Study on the Factors Influencing the Capital to the Countryside During the Two-way Integration of Urban and Rural Areas, Journal of Renmin University of China (3) (CSSCI, A), the third author/correspondence author; the whole article was reprinted by Agricultural Economic Research Periodical of Information Center for Social Sciences, RUC, in July 2015. 

19. Media Bias and its Governance through the Perspective of New Political Economy, Jianghai Academic Journal (3) (CSSCI, B), the first author

20. PPP Model Study based on Industry Comparisons, Journal of Shandong University (4) (CSSCI, B), the first author

21. Types of Corporate Growth and the Capital Structure, Finance & Economics (3) (CSSCI, B), the third author 

22. Decentralized or Centralized Supervision – Organizational Structure in the Food Safety Supervision Center, World Economy (10) (CSSCI, AA); the whole article was reprinted by Agricultural Economic Research Periodical of Information Center for Social Sciences, RUC, in December 2014, the second author/correspondence author.

23. Does the Attitude towards Risks Influence the Effect of Currency Policies? – China’s Experience under the Framework of Rational Expectation, Economics Information (9) (CSSCI, A); the whole article was reprinted by Finance and Insurance Periodical of Information Center for Social Sciences, RUC, in January, 2015; this paper was also selected by the 13th Young Economists Forum, the first author.

24. Human Capital, Science Staff and Technological Progress, Studies in Labor Economics (8), the third author; the whole article was reprinted by Periodical of Labor Economy and Labor Relations, Information Center for Social Sciences, RUC, in October 2015. 

25. Contract Bargaining with Risk-averse Agent, B.E. Journal of Theoretical Economics, 2013, vol. 13， issue 1， pages 285-301（SSCI）, corresponding author

26. Martin Shubik’s Contribution to Game Theory, Economics Information (7) (CSSCI)

27. Emulation and Chasing among Enterprises of Multiple Goals, Journal of Chongqing University (2) (CSSCI)

28. Can Reputation Be Traded? – A New Direction for the Theory of Reputation, Teaching and Research (2) (CSSCI)

29. Matching and Market Design- Theory Review and its Practice in China, Economic Management (9) (CSSCI)

30. Study on China’s Fiscal Sustainability – From the Perspective of Fiscal Gap, Journal of Central University of Finance & Economics (5) (CSSCI), the whole article was reprinted by Public Finance and Taxation Periodical, Information Center for Social Sciences, RUC. 

31. Deposit Insurance System or Direct Bailout by the Central Bank – A Perspective of Dynamic Game, Economic Research (10) (CSSCI), accepted by the 10th China Finance Forum, the whole article was reprinted by Finance and Insurance Periodical, Information Center for Social Sciences, RUC, and was awarded the Outstanding Paper Prize in the 4th China Young Economic Scholars Forum（two winners across the country）  

32. The Hidden Logic behind the University Enrollment Expansion – the Optimal Education Standard Design based on the Labor Market, South China Journal of Economics (12) (CSSCI)

33. Paradox – the Fatal Flaw in the Neo Liberalism, People’s Tribune, August, 414th issuance 

34. Expanding the Opening of the Service Industry is Key, Economic Daily 4-2

35. Groupon Behavior Analysis under Duopoly Competition – A Perspective of Optimal Contract Design, World Economic Papers (6) (CSSCI)

36. The Optimal IPO Mechanism Design: Theories and China’s Practice, South China Journal of Economics (12) (CSSCI), the article was accepted by the 9th China Finance Annual Meeting

37. Model of Government-Dominated Land Transfer – from the Perspective of Dynamic Game, Economic Review (2) (CSSCI) 

38. ASEAN Regional Economy Integration – Empirical Analysis based on Border Effect, Economic Theory and Business Management (3) (CSSCI) 

39. Applying Principal-Agent Model in Designing the Contract with University Teachers, Journal of Central University of Finance & Economics (10) (CSSCI)

40. Theoretical Study on GPO and the Regulating Analysis on the Groupon Behavior, Probe (6) (CSSCI)

41. The Analysis on the Role of Inter-Governmental Transfer Payment in China from the Contract Perspective, Social Science Front (3) (CSSCI, B), the third author/correspondence author

42. How to “Delegate Powers” in the Best Way – the Optimal Boundary between Centralized Power and Decentralized Power in the Administrative Matters, Journal of Finance and Economics (4) (CSSCI, B), the first author, the whole article was reprinted by China University Academic Abstract 3rd issue, 2017

43. Reinhard Selten’s Probe into the Bounded Rationality and Experimental Economics, Economic Information (2) (CSSCI,A), the third author/correspondent author

44. How Does Population Aging Affect Scientific Innovation, The Journal of World Economy (4) (CSSCI, AA) the first author 

45. Why Is the PPP Industry Distributed Unevenly – A Optimal Contract Design Based on Industry Features, Finance & Trade Economics (10) (CSSCI, A), the first author

Main books

1. “The optimal distribution of honor and status – non-material incentives in the organizations”（monograph）, China Renmin University Press, June 2015, Beijing. Granted the 7th Wu Yuzhang Humanity and Social Sciences Award in 2017.

2. Translation Games of Strategy (third edition), China Renmin University Press

3. On-going translation Two-Sided Matching, to be published by China Renmin University Press

Research projects

1. Will Population Aging Affect Innovation? Sponsored by Beijing Federation of Social Science Circles, Young Talents Funding Project. 2014 , Project leader. 

2. New Regulation Economics Analysis for the Food Safety Regulation Issues, National Natural Science Fund Project (No.71303245), 2013, project participant

3. Information Economics Analysis on the Food Safety Issues, sponsored by the Youth Project of Humanity and Social Science Program, Ministry of Education (No.13YJC790077）, 2013, project participant

4. Quantitative Influence of China’s Aging Population on the Macro-economics, sponsored by National Natural Science Fund Project (No.71273272）, 2012, as project participant, finished the chapter “Impact of Aging Population on China’s Scientific Innovation” 

5. Unobserved Financial Activities, sponsored by National Social Science Fund Project（No.05BTJ004）, 2006,project participant

6. Cross-Disciplinary Study on Basic Fiscal Theory under the Framework of the Common Needs of society, a CUFE-level research project (youth innovation team), 2015, project leader

7. Study on the Implications and Evolution of Taxpayer Service, vertical research project of Beijing Local Tax Bureau, 2014, project leader

8. Analysis and Measurement Studies on the Consumers’ “Subjective Attitude” towards the Safety of Genetically    Transferred Food under the Framework of Vague Decision Making, youth project, National Social Science Fund,（No. 15CJL020）, 2015, project leader

Honors 

1. The Third Prize (national-level) under the category of Humanities and Social Sciences for the 7th Outstanding Achievement Award for Scientific Research by Institutions of Higher Learning, Ministry of Education, 2015

2. Outstanding Paper Award in the 4th China Young Economics Scholars Forum in 2014 (two winning papers in the country in total)

3. Outstanding Graduate of Beijing Municipality, 2014

4. Outstanding Graduate of China Renmin University, 2014

5. Special Award for Outstanding Students, Baogao Education Foundation, 2013 (the sole winner from China Renmin University)

6. Top 10 New Academic Star of China Renmin University in 2013

7. National Postgraduate Scholarship, 2013

8. Academic Newcomer Award (national-level) by the Ministry of Education, 2012

9. National Postgraduate Scholarship, 2012

10. Scientific Research Innovation Award of China Renmin University, 2012

11. Outstanding Postgraduate of China Renmin University, 2012

12. The Second Prize (national-level) for 6th National Outstanding Fiscal Theory Research Achievement, 2017 

13. The 7th Wu Yuzhang Humanities and Social Science Award, 2017 (Economics, Youth Award)

Academic Conferences

1. “The Selection and Conversion of National Governance Model – A Model based on the Theory of “Control Power”, accepted by the 13th Workshop of Empirical Study of the Organizational Sociology, June, 2016, Shanghai 

2. “Does Index Effect Exist? – Evidence from the Hushen 300 Index Regression Discontinuity”, accepted by 2016 China Financial Research Conference, July 2016, Beijing

3. Revenues Turned Over to the Upper-level Government and Allocated to the Lower-level Government – the Optimal Contract Arrangement of the Fiscal Power and Power of Office”, was accepted by the 1st China Public Finance Forum, December, 2015, Beijing

4. Revenues Turned over to the Upper-level Government and Allocated to the Lower-level Government – the Optimal Contract Arrangement of the Fiscal Power and Power of Office”, was accepted by the 15th Young Economist Scholar Forum, July, 2015, Xiamen

5. “Can Risk Attitude Influence the Effectiveness of Currency Policy– China’s Experience under the Framework of Rational Expectation” was accepted by the 14th Young Economist Scholar Forum, August, 2014, Beijing

6. “Re-discussion on Monetary Neutrality under the Framework of Rational Expectation – Take China’s Data as an Example” was accepted by the 13th Young Economist Scholar Forum, September, 2013, Beijing

7. “The Optimal IPO Mechanism Design, Theory and China’s Practice” was accepted by the 9th China Finance Annual Conference, October, 2012, Hangzhou, Zhejiang 

8. Speculative Capital, RMB Exchange Rate and Capital Prize, was accepted by the 10th China Finance Annual Conference, October, 2013, 

9. “Deposit Insurance System or Direct Bailout by the Central Bank” was accepted by the 10th China Finance Forum, paper for exchange, September, 2013, Beijing 

10. “Authorization and Incentives: Path Selection Logic of the Counties Directly Administered by the Province”was accepted by the 3rd Political Science PhD Forum across Mainland, Taiwan, Hong Kong, Macao, April 2013, Taipei, Taiwan, China (Political Science Department of Taiwan University)

11. “Learning Incentives, Labor Market, and the Optimal Education Standard” was accepted by the Chinese Economists Society Proceeding, June, 2012, Kaifeng, Henan

12. Contract Bargaining with Risk-averse Agent，Accepted by Singapore Economic Review Conference SERC

13. Contract Bargaining with Risk-averse Agent，accepted by Singapore Economic Review Conference SERC, October, 2013

Teaching Experience

1. From September, 2014 to present, teach organizational economics, advanced micro-economics, economical mathematics, organizational economics, contract theory, etc in School of Economics, and the Center for China Fiscal Development, CUFE

2. From September 2011 to September 2013, lecturer for microeconomics, finance, econometrics, macroeconomics in the International Training School, China Renmin University

Copy Editing Experience

Anonymous reviewer for Economic Research, World Economy, Financial Research, Economic Theory and Business Management, World Economic Papers, Journal of Finance and Economics, South China Journal of Economics, China Economics Quarterly, and Journal of Management Sciences in China