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Cheng Wang
Address:
Department of Economics 469 Heady Hall Iowa State University Ames, IA 50011 Phone: 515/294-1535 Fax: 515/294-1700
Email: HYPERLINK "mailto:chewang@iastate.edu" chewang@iastate.edu
Positions Held:
Professor of Economics, Department of Economics, Iowa State University, 2006-
Associate Professor of Economics, Department of Economics, Iowa State University, 2001-2006
Associate Professor of Economics, Graduate School of Industrial Administration, Carnegie Mellon University, 2000-2003
Assistant Professor of Economics, Graduate School of Industrial Administration, Carnegie Mellon University, 1994-2000
Education:
Ph.D. in Economics, University of Western Ontario, 1994
M.S. in Management Science, Fudan University, Shanghai, China, 1987
B.S. in Mathematics, Fudan University, Shanghai, China, 1984
Research:
Dynamic contract theory
Macroeconomics
Awards:
Outstanding Teaching Award, Department of Economics, Carnegie Mellon University, 2001
T. M. Brown Thesis Award, University of Western Ontario, 1994
Publications:
Wang, Cheng and RuiLin Zhou (2007), "Equilibrium Lending Mechanism and Aggregate Activity," forthcoming, International Economic Review.
Smith, Jr., A.A. and Cheng Wang (2006), Dynamic Credit Relationships in General Equilibrium, Journal of Monetary Economics, 53(4): 847-877.
Clementi, Gian Luca, Tom Cooley and Cheng Wang (2006), Stock Grants as a Commitment Device, Journal of Economic Dynamics & Control, 30: 2191-2216.
Spear, Stephen E. and Cheng Wang (2005), "When to Fire a CEO: Optimal Termination in Dynamic Contracts," Journal of Economic Theory 120: 239-256.
Wang, Cheng (2005), "Dynamic Costly State Verification," Economic Theory 25(4): 887-916.
Wang, Cheng and Steve Williamson (2002), "Moral Hazard, Optimal Unemployment Insurance, and Experience Rating," Journal of Monetary Economics 49:1337-1371.
Wang, Cheng (2000), "Renegotiation-Proof Dynamic Contracts with Private Information," Review of Economic Dynamics 3: 296-422.
Smith, Bruce and Cheng Wang (1998), "Repeated Insurance Relationships in a Costly State Verification Model: with an Application to Deposit Insurance," Journal of Monetary Economics 42: 207-240.
Wang, Cheng and Steve Williamson (1998), "Debt Contracts and Financial Intermediation with Costly Screening," Canadian Journal of Economics 31: 573-595.
Wang, Cheng (1997), "Incentives, CEO Compensation and Shareholder Wealth in a Dynamic Agency Model," Journal of Economic Theory 76: 72-105.
Wang, Cheng and Steve Williamson (1996), "Unemployment Insurance with Moral Hazard in a Dynamic Economy," Carnegie-Rochester Conference Series on Public Policy, Spring, 1-41.
Wang, Cheng (1995), "Dynamic Insurance with Private Information and Balanced Budgets," Review of Economic Studies 62: 577-595.
Chan, Luke, Richard Deaves and Cheng Wang (1992), An Analysis of Money and Output in the Industrial Sector of China, Journal of Asian Economics (Academic Press) 3: 271-280.
Chan, Luke, Richard Deaves and Cheng Wang (1991), Money Demand in China Revisited: Some New Empirical Evidence, Journal of Asian Economics (Academic Press) 2: 137-144.
Other Publications:
Wang, Cheng (2003), An Introduction to the Theory of Dynamic Contracts and Its Applications to CEO Compensation, Journal of Fudan University (Natural Science), 42(5), 655-663.
Wang, Cheng (2001), Financial Intermediation Regime and Efficiency in a Boyd-Prescott Economy, A Comment, Carnegie-Rochester Conference Series on Public Policy 54, 131-137.
Wang, Cheng and Shao-Lian Zheng (1987), An Empirical Investigation of the Demand for Money in China, Journal of Fudan University (Social Science), August, 1-18.
Working Papers:
Wang, Cheng (2003), "Optimal Marriage Systems," manuscript.
Wang, Cheng (2004), "Termination of Dynamic Contracts in an Equilibrium Labor Market Model," manuscript.
Wang, Cheng (2006), Equilibrium Layoff as Termination of a Dynamic Contract, manuscript.
Greenwood, Jeremy, Juan Sanchez and Cheng Wang (2007), Financing Development: The Role of Information Costs, NBER working paper #13104, May 2007.
Wang, Cheng and Youzhi Yang (2007),"Equilibrium Matching and Termination," manuscript.
Wang, Cheng and Youzhi Yang (2007), "On the Dynamic Contract Search," manuscript.
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