Liyan Shi

I am an Assistant Professor of Economics at the Tepper School of Business, Carnegie Mellon University and a Research Affiliate at the Centre for Economic Policy Research.

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

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

Publications

Optimal Regulation of Noncompete Contracts [paper] [online appendix] [online appendix 2] [noncompete data]
Econometrica, March 2023, Volume 91, Issue 2

Optimal COVID-19 Quarantine and Testing Policies (with Facundo Piguillem) [paper]
Economic Journal, October 2022, Volume 132, Issue 647

Working papers

Too Much, Too Soon, for Too Long: The Dynamics of Competitive Executive Compensation (with Gilles Chemla and Alejandro Rivera) [paper] [slides]  Revise and resubmit, Journal of Finance

Repurchase Options in the Market for Lemons (with Saki Bigio) [paper] [online appendix]
Revise and resubmit, Review of Economic Studies

Fiscal Rules and Discretion with Risk of Default (with Chiara Felli and Facundo Piguillem) [paper]

Knowledge Creation and Diffusion with Limited Appropriation (with Hugo Hopenhayn) [paper] 

Work in Progress

Random Gratification and Optimism (with Facundo Piguillem)

Identifying Government Spending Bias through Fiscal Rules (with Federica Di Nicola, Chiara Felli, and Facundo Piguillem)