Zhiyun (Frances) Lee

Associate Professor

Frances Xu Lee joined Quinlan School of Business in 2016. Prior to Loyola, she has taught MBA students at Kellogg School of Management, undergraduate, Master of Science and Ph.D. students at University of Hong Kong. She also worked for an economics and litigation consulting firm in Boston.

Education

Ph.D. in Managerial Economics and Strategy, Kellogg School of Management, Northwestern University, 2008.
B.B.A. Chinese University of Hong Kong, 2003.

Research Interests

Applied Microeconomics Theory
Industrial Organization
Law and Economics
Information Economics

Professional/Community Affiliations

Journal referees:

Rand Journal of Economics
American Economic Journal: Microeconomics
Journal of Economic Theory
Journal of Public Economics
International Journal of Industrial Organization
Journal of Law, Economics, and Organization
International Review of Law and Economics
B.E. Journal of Theoretical Economics
Journal of Economic Behavior and Organization
Journal of Industrial Economics
American Law and Economics Review
Journal of Empirical Legal Studies
Review of Industrial Organization
Scandinavian Journal of Economics
Economic Inquiry
International Review of Law and Economics
Games and Economic Behavior
Canadian Journal of Economics
Journal of Economics and Management Strategy

Courses Taught

Microeconomic theory at levels of PhD, MECON, undergraduate, and MBA; Industrial Organization.

Publications/Research Listings

Information Validates the Prior: A Theorem on Bayesian Updating and Applications (joint with Navin Kartik and Wing Suen) forthcoming in American Economic Review: Insights.

Costly Rewards and Punishments, The B.E. Journal of Theoretical Economics, 2020, 20(1).

Credibility of Crime Allegations (with Wing Suen), accepted, American Economic Journal: Microeconomics

Signaling by an Informed Service Provider (joint with Yuk-fai Fong), Journal of Economics and Management Strategy, 2017, 00:1-14.

Investment in Concealable Information by Biased Experts (joint with Wing Suen and Navin Kartik), RAND Journal of Economics, Spring 2017, Volume 48, No. 1, 24-43.

The Optimal Extent of Discovery (joint with Dan Bernhardt), RAND Journal of Economics, Fall 2016, Vol. 47, No. 3, pp. 573–607.

Information Acquisition in a War of Attrition (joint with Kyungmin (Teddy) Kim), 2014, American Economic Journal: Microeconomics, 6(2), 37–78.

Trial Incentives in Sequential Litigation (joint with Dan Bernhardt) 2014, American Law and Economics Review, 17(1), 214-244.

Trading between Agents for a Better Match, International Journal of Industrial Organization, Volume 31, Issue 5, Sep 2013, Pages 501–515.

Optimal Best-Price Policy, International Journal of Industrial Organization, Volume 29, Issue 5, September 2011, Pages 628-643

Awards

Research Excellence in 2020, Quinlan School of Business, Loyola University Chicago