Stephen Y CHIU
Dr. Stephen Y CHIU
经济学
Associate Professor

2859 1056

KK 918

Academic & Professional Qualification
  • Ph.D., M.A., The Pennsylvania State University
  • B.S., University of London
  • Honors Diploma, Hong Kong Baptist College
Biography

Dr. Stephen Y CHIU received his undergraduate education in Physics at the Hong Kong Baptist College, and graduate education in Economics at the Pennsylvania State University, where he obtained his Ph.D. degree in 1995.  He had since taught at The Chinese University of Hong Kong until he joined The University of Hong Kong in 2002.  He has been the principal investigator of seven competitive earmarked grants, and was a Research Fellow in the Hong Kong Institute of Monetary Research during the summer of 2001.

Steve is a theorist and has written papers in different areas of Economics.  He likes models in which decision makers have non-negligible effects on the environment where they situate. He has published a few papers on bargaining.  In one paper, the widely used solution concept Shapley value is implemented as the unique outcome in a non-cooperative game under the least restrictive conditions.  Two other papers clear up the profession’s confusion on two concepts in bargaining theory — threat point and outside option, providing important insights into the implications of the now influential property rights approach of firm theory.  He has also written papers on the micro-foundations of currency crisis, examining the issue of multiple equilibria in more realistic models of currency attacks.  More recently, he has worked on problems such as contract design, college admissions, and demography and political economy of reform, motivated by a contrast between China and Russia in their demography and reform experience.

For leisure, Steve enjoys hiking, reading and tai chi.

Research Interest
  • Contracts and Organizations
  • Applied Theory
  • Political Economy
Selected Publications
  • “Task Interdependence and Non-Contractibility in Public Good Provision,”
    (with Bin R. Chen), Journal of Institutional and Theoretical Economics, vol 170(4), 2014, pp. 731-748.
  • “Interim Performance Evaluation in Contract Design,”
    (with Bin R. Chen), Economic Journal, vol 123, issue 569, June 2013, pp. 665-698.
  • “Conglomerate Merger Control: From the Continents to a Small Economy,”
    (with Jessie Xinyu Wang), Frontiers on Law in China, vol. 8 (2), June 2013, pp. 304-334.
  • “Bargaining, Competition, and Efficient Investment,”
    (with Kalyan Chatterjee), Bargaining in the Shadow of the Market: Selected Papers in Bilateral and Multilateral Bargaining, (pp. 79-96), edited by Kalyan Chatterjee, World Scientific Press, 2013.
  • “Competitive Bidding with a Price Floor,”
    (with Bin R. Chen), International Journal of Economic Theory, vol 7(4), December 2011.
  • “To What Extent Defining a Group Predicates on Defining Other Groups?”
    (with Weifeng Zhong), Procedia-Social and Behavioral Science Journal (Elsevier), vol. 30, 2011, pp. 1672-1682.
  • “Public-Private Partnerships: Task Interdependence and Contractibility”
    (with Bin R. Chen), International Journal of Industrial Organization, vol 28 (6), 2010, pp. 591-603. (int contribution: III.8)
  • Game Theory and Economic Modeling,
    (in Chinese, with Pu Yongjian), the Renmin University Press, 2010.
  • “Endogenous Preferential Treatment in Centralized Admissions”
    (with Weiwei Weng), Rand Journal of Economics, 40(2), Summer 2009, 258-282.(int contributions: III.1)
  • “When Does Competition Lead to Efficient Investments?”
    (with Kalyan Chatterjee), The B.E. Journal of Theoretical Economics, vol. 7 : 2007, Iss. 1 (Topics), Article 27.
  • “Noncooperative Bargaining, Hostages, and Optimal Assets Ownership,”
    American Economic Review, 88(4), September 1998, pp. 882-901
Recent Publications
中国的能源革命

人类社会正处于十九世纪以来的第三次能源转型。第一次能源转型,是指植物能转为燃煤发电;第二次是指以化石燃料取代煤炭;至于目前的第三次转型,是指以可再生的洁净能源,来取代污染性较高的化石能源,使其成为人类社会的主要能源。

中国的能源革命

人类社会正处于十九世纪以来的第三次能源转型。第一次能源转型,是指植物能转为燃煤发电;第二次是指以化石燃料取代煤炭;至于目前的第三次转型,是指以可再生的洁净能源,来取代污染性较高的化石能源,使其成为人类社会的主要能源。

剖析石油暴利税

过去一年,油价升势不止。继欧洲联盟委员会于3月8日建议各国政府可就能源企业的收入进行征税后,美国国会上月推动对石油巨企开征「石油暴利税」(Big Oil Windfall Profits Tax),总统经济顾问Bharat Ramamurti提出应考虑征收此税的建议,拜登更公开批评埃克森美孚「今年赚钱多过上帝」(made more money than God this year)。

剖析石油暴利税

过去一年,油价升势不止。继欧洲联盟委员会于3月8日建议各国政府可就能源企业的收入进行征税后,美国国会上月推动对石油巨企开征「石油暴利税」(Big Oil Windfall Profits Tax),总统经济顾问Bharat Ramamurti提出应考虑征收此税的建议,拜登更公开批评埃克森美孚「今年赚钱多过上帝」(made more money than God this year)。

减碳政策下的中国电力发展

专家普遍认为,现时的气候危机在很大程度上是工业革命的后遗症。工业生产会排放大量温室气体暖化地球,如果我们未能将升温幅度控制在不高于工业革命以前1.5至2摄氏度之内,地球很可能在2100年就不宜人类居住。为此,我们必须在2050年以前将全球碳排放降回至2005年的水平。

减碳政策下的中国电力发展

专家普遍认为,现时的气候危机在很大程度上是工业革命的后遗症。工业生产会排放大量温室气体暖化地球,如果我们未能将升温幅度控制在不高于工业革命以前1.5至2摄氏度之内,地球很可能在2100年就不宜人类居住。为此,我们必须在2050年以前将全球碳排放降回至2005年的水平。

抗疫不忘初心 保民亦要便民

当前全球新冠病毒疫情极度严峻,香港也到了抗疫的关键阶段,笔者虽非医学专家,倒有几点意见和读者分享。

抗疫不忘初心 保民亦要便民

当前全球新冠病毒疫情极度严峻,香港也到了抗疫的关键阶段,笔者虽非医学专家,倒有几点意见和读者分享。

2021是中国的监管年

从中国经济的角度而言,2021是具历史意义的一年;若作一精简总结,2021可谓中国经济加强监管的一年

2021是中国的监管年

从中国经济的角度而言,2021是具历史意义的一年;若作一精简总结,2021可谓中国经济加强监管的一年