Shouyong Shi

Pennsylvania State University

University Park

State College, PA 16802

United States

SCHOLARLY PAPERS

40

DOWNLOADS
Rank 10,568

SSRN RANKINGS

Top 10,568

in Total Papers Downloads

4,402

SSRN CITATIONS
Rank 2,958

SSRN RANKINGS

Top 2,958

in Total Papers Citations

112

CROSSREF CITATIONS

236

Scholarly Papers (40)

1.

Publicity and the Clustering of IPO Underpricing

Number of pages: 36 Posted: 04 Jan 2000
Melanie Cao and Shouyong Shi
York University - Schulich School of Business and Pennsylvania State University
Downloads 634 (40,770)
Citation 2

Abstract:

Loading...

2.

Liquidity, Assets and Business Cycles

Number of pages: 37 Posted: 24 May 2011 Last Revised: 02 Jul 2012
Shouyong Shi
Pennsylvania State University
Downloads 461 (61,309)
Citation 17

Abstract:

Loading...

Liquidity, Asset prices, Business Cycle

3.

Wealth Accumulation, On-the-Job Search and Inequality

Number of pages: 50 Posted: 06 Jan 2017 Last Revised: 02 Nov 2018
Gaston Chaumont and Shouyong Shi
University of Rochester and Pennsylvania State University
Downloads 388 (75,349)
Citation 4

Abstract:

Loading...

Wealth accumulation, On-the-job search, Inequality, Directed search

4.

Endogenously Procyclical Liquidity, Capital Reallocation, and q

Number of pages: 56 Posted: 17 Nov 2014 Last Revised: 03 Oct 2017
Melanie Cao and Shouyong Shi
York University - Schulich School of Business and Pennsylvania State University
Downloads 310 (97,201)
Citation 3

Abstract:

Loading...

Endogenous liquidity, Capital reallocation, Tobin's q, Frictions

5.

Should Buyers or Sellers Organize Trade in a Frictional Market?

Number of pages: 50 Posted: 17 Feb 2016 Last Revised: 27 Feb 2018
Shouyong Shi and Alain Delacroix
Pennsylvania State University and University of Quebec at Montreal (UQAM)
Downloads 278 (109,320)

Abstract:

Loading...

Market organization, Search, Efficiency

6.

Efficient Job Upgrading, Search on the Job and Output Dispersion

Number of pages: 56 Posted: 08 Feb 2016 Last Revised: 26 Aug 2016
Shouyong Shi
Pennsylvania State University
Downloads 268 (113,624)
Citation 2

Abstract:

Loading...

Job upgrading; On-the-job search; Frictional dispersion; Return to tenure; Cost of job loss

7.

Burdett-Mortensen Model of On-the-Job Search with Two Sectors

Number of pages: 57 Posted: 11 Dec 2014 Last Revised: 08 Aug 2015
Florian Hoffmann and Shouyong Shi
University of British Columbia (UBC) and Pennsylvania State University
Downloads 221 (138,052)
Citation 1

Abstract:

Loading...

Search on the job, Wage dispersion, Constant tension

8.
Downloads 179 (167,886)
Citation 2

Efficient Search on the Job and the Business Cycle

PIER Working Paper No. 08-029
Number of pages: 50 Posted: 13 Aug 2008
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 145 (201,287)
Citation 3

Abstract:

Loading...

Directed Search, On the Job Search, Business Cycles

Efficient Search on the Job and the Business Cycle

NBER Working Paper No. w14905
Number of pages: 51 Posted: 28 Apr 2009 Last Revised: 29 Apr 2009
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 34 (459,643)

Abstract:

Loading...

9.

Screening, Bidding and the Loan Market

Number of pages: 46 Posted: 07 Dec 1999
Melanie Cao and Shouyong Shi
York University - Schulich School of Business and Pennsylvania State University
Downloads 157 (188,062)
Citation 3

Abstract:

Loading...

10.

Learning, On-the-Job Search and Wage-Tenure Contracts

Number of pages: 67 Posted: 08 Mar 2018 Last Revised: 15 Aug 2018
Kevin Fawcett and Shouyong Shi
University of Toronto - Department of Economics and Pennsylvania State University
Downloads 134 (214,064)

Abstract:

Loading...

Learning, On-the-job search, Contracts, Inequality

11.

Long-Run Sectoral Reallocation, Job to Job Transitions, and Earnings Inequality: An Empirical Investigation

Number of pages: 59 Posted: 10 Aug 2016
Florian Hoffmann, Anton Laptiev and Shouyong Shi
University of British Columbia (UBC), University of British Columbia (UBC) - Vancouver School of Economics and Pennsylvania State University
Downloads 121 (231,479)
Citation 5

Abstract:

Loading...

Sectoral Reallocation, Job-to-job Transition, Earnings Inequality

12.

Search Theory; Current Perspectives

Number of pages: 17 Posted: 17 Dec 2009
Shouyong Shi
Pennsylvania State University
Downloads 111 (246,415)
Citation 3

Abstract:

Loading...

Search, Efficiency, Unemployment

13.

Vehicle Currency

Number of pages: 48 Posted: 14 Dec 2009
Michael B. Devereux and Shouyong Shi
University of British Columbia (UBC) - Department of Economics and Pennsylvania State University
Downloads 93 (277,748)

Abstract:

Loading...

Vehicle currency, Transactions cost, Welfare gains

14.

Customer Relationship and Sales

Number of pages: 48 Posted: 04 May 2011 Last Revised: 15 May 2011
Shouyong Shi
Pennsylvania State University
Downloads 87 (289,765)
Citation 6

Abstract:

Loading...

Sales, Customer relationship, Directed search

Friedman Meets Hosios: Efficiency in Search Models of Money

FRB of Cleveland Working Paper No. 04-08
Number of pages: 41 Posted: 10 Sep 2003 Last Revised: 30 Oct 2007
University of Basel - Economics Department, Federal Reserve Bank of Cleveland and Pennsylvania State University
Downloads 57 (370,951)
Citation 37

Abstract:

Loading...

money, search, Friedman rule, Hosios rule

Friedman Meets Hosios: Efficiency in Search Models of Money

Economic Journal, Vol. 117, No. 516, pp. 174-195, January 2007
Number of pages: 22 Posted: 19 Jan 2007
University of Basel - Economics Department, Federal Reserve Bank of Cleveland and Pennsylvania State University
Downloads 25 (508,043)
  • Add to Cart

Abstract:

Loading...

16.

Emission Tax or Standard? The Role of Productivity Dispersion

Number of pages: 37 Posted: 20 Oct 2010 Last Revised: 19 Sep 2011
Zhe Li and Shouyong Shi
Shanghai University of Finance and Economics - School of Economics and Pennsylvania State University
Downloads 79 (307,185)
Citation 3

Abstract:

Loading...

emission tax, standard, productivity dispersion, abatement

17.

Sequentially Mixed Search and Equilibrium Price Dispersion

Number of pages: 46 Posted: 23 Nov 2018
Shouyong Shi
Pennsylvania State University
Downloads 72 (324,011)

Abstract:

Loading...

Sequentially mixed search, Price dispersion, Efficiency

Block Recursive Equilibria for Stochastic Models of Search on the Job

PIER Working Paper No. 09-005
Number of pages: 49 Posted: 26 Jan 2009 Last Revised: 09 Feb 2009
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 59 (364,507)
Citation 19

Abstract:

Loading...

Directed Search, On the Job Search, Heterogeneity, Aggregate Fluctuations

Block Recursive Equilibria for Stochastic Models of Search on the Job

NBER Working Paper No. w14907
Number of pages: 49 Posted: 28 Apr 2009 Last Revised: 26 Sep 2010
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 11 (599,800)

Abstract:

Loading...

19.
Downloads 69 (331,677)
Citation 2

A Monetary Theory with Non-Degenerate Distributions

PIER Working Paper No. 11-009
Number of pages: 57 Posted: 10 Apr 2011
Guido Menzio, Shouyong Shi and Hongfei Sun
University of Pennsylvania - Department of Economics, Pennsylvania State University and Queen's University
Downloads 36 (450,593)
Citation 2

Abstract:

Loading...

Money; Distribution; Search; Lattice-Theoretic

A Monetary Theory with Non-Degenerate Distributions

Number of pages: 56 Posted: 28 Mar 2011
Guido Menzio, Shouyong Shi and Hongfei Sun
University of Pennsylvania - Department of Economics, Pennsylvania State University and Queen's University
Downloads 33 (464,393)
Citation 1

Abstract:

Loading...

Money, Distribution, Search, Lattice-heoretic

20.

Liquidity, Innovation and Growth

Institute for Empirical Research in Economics University of Zurich Working Paper No. 441
Number of pages: 32 Posted: 25 Sep 2009 Last Revised: 23 Oct 2012
University of Basel - Economics Department, Banque de France, Monetary Policy Division and Pennsylvania State University
Downloads 64 (345,095)
Citation 5

Abstract:

Loading...

Inflation, growth, search, innovation, credit

21.

Financial Frictions, Investment Delay and Asset Market Interventions

Number of pages: 53 Posted: 22 Sep 2013
Shouyong Shi and Christine Tewfik
Pennsylvania State University and University of Toronto - Department of Economics
Downloads 62 (350,677)
Citation 1

Abstract:

Loading...

Liquidity, Asset market interventions, Investment delay, Equity, Collateral

22.

Pricing and Signaling with Frictions

Number of pages: 39 Posted: 19 May 2012
Alain Delacroix and Shouyong Shi
University of Quebec at Montreal (UQAM) and Pennsylvania State University
Downloads 56 (368,692)
Citation 9

Abstract:

Loading...

23.

Emission Taxes and Standards in a General Equilibrium with Productivity Dispersion and Abatement

Number of pages: 42 Posted: 08 Aug 2015 Last Revised: 13 Apr 2016
Zhe Li and Shouyong Shi
Shanghai University of Finance and Economics - School of Economics and Pennsylvania State University
Downloads 52 (381,435)
Citation 1

Abstract:

Loading...

emission tax, emission standard, productivity dispersion, abatement technology, general equilibrium

24.

Post-Match Investment and Dynamic Sorting between Capital and Labor

Number of pages: 41 Posted: 11 Sep 2018
Shouyong Shi
Pennsylvania State University
Downloads 47 (398,367)

Abstract:

Loading...

Dynamic sorting, Investment, Inequality

25.

Efficient Investments, Job Dynamics and Frictional Dispersion

Number of pages: 54 Posted: 16 May 2018
Shouyong Shi
Pennsylvania State University
Downloads 47 (398,367)
Citation 3

Abstract:

Loading...

Firm Investments, On-the-Job Search, Frictional Dispersion, Return to Tenure, Cost of Job Loss

26.
Downloads 44 (409,144)
Citation 3

Currency Areas and Monetary Coordination

Number of pages: 47 Posted: 14 Dec 2009
Qing Liu and Shouyong Shi
Tsinghua University - School of Economics & Management and Pennsylvania State University
Downloads 40 (433,129)

Abstract:

Loading...

Search frictions, Law of one price, Exchange rates, Currency areas, Monetary coordination

Currency Areas and Monetary Coordination

International Economic Review, Vol. 51, No. 3, pp. 813-836, August 2010
Number of pages: 24 Posted: 10 Aug 2010
Qing Liu and Shouyong Shi
Tsinghua University - School of Economics & Management and Pennsylvania State University
Downloads 4 (650,192)
Citation 1
  • Add to Cart

Abstract:

Loading...

27.

Efficient Search on the Job and the Business Cycle, Second Version

PIER Working Paper No. 09-010
Number of pages: 51 Posted: 06 Mar 2009
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 37 (436,459)
Citation 26

Abstract:

Loading...

Directed search, On the Job Search, Business Cycles

28.

Directed Search for Equilibrium Wage-Tenure Contracts

Econometrica, Vol. 77, No. 2, March 2009
Number of pages: 28 Posted: 14 Dec 2009
Shouyong Shi
Pennsylvania State University
Downloads 36 (440,513)
Citation 2

Abstract:

Loading...

Directed search, On-the-job search, Wage-tenure contracts

29.

An Equilibrium Theory of Learning, Search and Wages

Econometrica, Forthcoming
Number of pages: 29 Posted: 14 Dec 2009
Francisco M. Gonzalez and Shouyong Shi
University of Calgary - Department of Economics and Pennsylvania State University
Downloads 24 (498,713)

Abstract:

Loading...

Learning, Wages, Unemployment, Directed search, Monotone comparative statics

30.

International Borrowing, Specialization, and Unemployment in a Small Open Economy

Review of International Economics, Vol. 12, pp. 41-59, February 2004
Number of pages: 19 Posted: 02 Apr 2004
Patrick N. Osakwe and Shouyong Shi
United Nations Conference on Trade and Development and Pennsylvania State University
Downloads 22 (510,158)
  • Add to Cart

Abstract:

Loading...

31.

Viewpoint: A Microfoundation of Monetary Economics

Canadian Journal of Economics, Vol. 39, No. 3, pp. 643-688, August 2006
Number of pages: 46 Posted: 15 Nov 2006
Shouyong Shi
Pennsylvania State University
Downloads 21 (515,971)
Citation 1
  • Add to Cart

Abstract:

Loading...

32.

Nominal Bonds and Interest Rates

International Economic Review, Vol. 46, No. 2, pp. 579-612, May 2005
Number of pages: 34 Posted: 05 May 2005
Shouyong Shi
Pennsylvania State University
Downloads 21 (515,971)
  • Add to Cart

Abstract:

Loading...

33.

A Model of Bureaucracy and Corruption

International Economic Review, Vol. 45, No. 3, pp. 873-908, August 2004
Number of pages: 36 Posted: 23 Aug 2004
Shouyong Shi and Ted P. Temzelides
Pennsylvania State University and Rice University
Downloads 18 (533,528)
  • Add to Cart

Abstract:

Loading...

34.

Directed Search on the Job and the Wage Ladder

International Economic Review, Vol. 47, No. 2, pp. 651-699, May 2006
Number of pages: 49 Posted: 08 May 2006
Alain G. Delacroix and Shouyong Shi
Purdue University - Krannert School of Management and Pennsylvania State University
Downloads 16 (545,273)
Citation 3
  • Add to Cart

Abstract:

Loading...

35.

Product Market and the Size-Wage Differential

International Economic Review, Vol. 43, pp. 21-54, 2002
Number of pages: 34 Posted: 27 Dec 2002
Shouyong Shi
Pennsylvania State University
Downloads 12 (569,694)
  • Add to Cart

Abstract:

Loading...

36.

Efficiency Improvement from Restricting the Liquidity of Nominal Bonds

Number of pages: 38 Posted: 14 Dec 2009
Shouyong Shi
Pennsylvania State University
Downloads 8 (595,000)
Citation 1

Abstract:

Loading...

Nominal Bonds, Money, Efficiency, Return dominance

37.

Vehicle Currency

International Economic Review, Vol. 54, Issue 1, pp. 97-133, 2013
Number of pages: 37 Posted: 24 Jan 2013
Michael B. Devereux and Shouyong Shi
University of British Columbia (UBC) - Department of Economics and Pennsylvania State University
Downloads 1 (652,000)
Citation 2
  • Add to Cart

Abstract:

Loading...

38.

Screening, Bidding, and the Loan Market Tightness

European Finance Review, Vol. 5, No. 1-2
Posted: 27 Dec 2001
Melanie Cao and Shouyong Shi
York University - Schulich School of Business and Pennsylvania State University

Abstract:

Loading...

loans, screening, bidding, informational externality

39.

Pricing and Matching with Frictions

Journal of Political Economy, Vol. 109, October 2001
Posted: 15 Oct 2001
Ken Burdett, Shouyong Shi and Randall Wright
University of Pennsylvania - Department of Economics, Pennsylvania State University and University of Wisconsin - Madison - Department of Finance, Investment and Banking

Abstract:

Loading...

40.

Fashion and Wealth Accumulation

Economic Theory, Vol. 14, Issue 2, August 1999
Posted: 16 Nov 1999
Shouyong Shi
Pennsylvania State University

Abstract:

Loading...