Stephen Y CHIU
Dr. Stephen Y CHIU
經濟學
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
中國的能源革命

人類社會正處於十九世紀以來的第三次能源轉型。第一次能源轉型,是指植物能轉爲燃煤發電;第二次是指以化石燃料取代煤炭;至於目前的第三次轉型,是指以可再生的潔淨能源,來取代污染性較高的化石能源,使其成爲人類社會的主要能源。

中國的能源革命

人類社會正處於十九世紀以來的第三次能源轉型。第一次能源轉型,是指植物能轉爲燃煤發電;第二次是指以化石燃料取代煤炭;至於目前的第三次轉型,是指以可再生的潔淨能源,來取代污染性較高的化石能源,使其成爲人類社會的主要能源。

剖析石油暴利稅

過去一年,油價升勢不止。繼歐洲聯盟委員會於3月8日建議各國政府可就能源企業的收入進行徵稅後,美國國會上月推動對石油巨企開徵「石油暴利稅」(Big Oil Windfall Profits Tax),總統經濟顧問Bharat Ramamurti提出應考慮徵收此稅的建議,拜登更公開批評埃克森美孚「今年賺錢多過上帝」(made more money than God this year)。

剖析石油暴利稅

過去一年,油價升勢不止。繼歐洲聯盟委員會於3月8日建議各國政府可就能源企業的收入進行徵稅後,美國國會上月推動對石油巨企開徵「石油暴利稅」(Big Oil Windfall Profits Tax),總統經濟顧問Bharat Ramamurti提出應考慮徵收此稅的建議,拜登更公開批評埃克森美孚「今年賺錢多過上帝」(made more money than God this year)。

減碳政策下的中國電力發展

專家普遍認為,現時的氣候危機在很大程度上是工業革命的後遺症。工業生產會排放大量溫室氣體暖化地球,如果我們未能將升溫幅度控制在不高於工業革命以前1.5至2攝氏度之內,地球很可能在2100年就不宜人類居住。為此,我們必須在2050年以前將全球碳排放降回至2005年的水平。

減碳政策下的中國電力發展

專家普遍認為,現時的氣候危機在很大程度上是工業革命的後遺症。工業生產會排放大量溫室氣體暖化地球,如果我們未能將升溫幅度控制在不高於工業革命以前1.5至2攝氏度之內,地球很可能在2100年就不宜人類居住。為此,我們必須在2050年以前將全球碳排放降回至2005年的水平。

抗疫不忘初心 保民亦要便民

當前全球新冠病毒疫情極度嚴峻,香港也到了抗疫的關鍵階段,筆者雖非醫學專家,倒有幾點意見和讀者分享。

抗疫不忘初心 保民亦要便民

當前全球新冠病毒疫情極度嚴峻,香港也到了抗疫的關鍵階段,筆者雖非醫學專家,倒有幾點意見和讀者分享。

2021是中國的監管年

從中國經濟的角度而言,2021是具歷史意義的一年;若作一精簡總結,2021可謂中國經濟加強監管的一年。

2021是中國的監管年

從中國經濟的角度而言,2021是具歷史意義的一年;若作一精簡總結,2021可謂中國經濟加強監管的一年。