Liyan Shi

Shubham Singhal and Jenny Cordina Assistant Professor of Economics
Carnegie Mellon University, Tepper School of Business

My research interests are in macroeconomics, firm dynamics, labor economics, and contract theory.

Email: liyans@andrew.cmu.edu
CV: [link]

Publications

Too Much, Too Soon, for Too Long: The Dynamics of Competitive Executive Compensation [paper]

with Gilles Chemla and Alejandro Rivera

Journal of Finance, forthcoming

Optimal Regulation of Noncompete Contracts [paper] [online appendix] [online appendix 2] [slides]

Econometrica, 2023

Dataset: download noncompete contracts for executives here.

Optimal COVID-19 Quarantine and Testing Policies [paper]

with Facundo Piguillem

Economic Journal, 2022

Working papers

Repurchase Options in the Market for Lemons [paper] [online appendix]

with Saki Bigio

Review of Economic Studies, revise and resubmit

Fiscal Rules and Discretion with Risk of Default [paper]

with Chiara Felli and Facundo Piguillem

Knowledge Creation and Diffusion with Limited Appropriation [paper] 

with Hugo Hopenhayn and Koki Okumura

Work in Progress

Hyperbolic Discounting with Random Gratification

with Facundo Piguillem

Identifying Government Spending Bias through Fiscal Rules

with Federica Di Nicola, Chiara Felli, and Facundo Piguillem