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  • Zhiyong Tu, PhD

  • Associate Professor
  • PhD, Economics, University of Pittsburgh
  • Fields:Financial Economics, Commodity Markets, Game Theory & Application
  • Office Phone Number: +86-755-2603-2017
  • Office Room: RM 740, PHBS Building
  • Email:
Research Fields:

Financial Economics, Commodity Markets, Game Theory & Application


PhD, Economics, University of Pittsburgh, USA, 2005

MA, Law, University of Pittsburgh, USA, 2005

MA, Economics, Wuhan University, China, 2001

Graduate Certificate, The Johns Hopkins University-Nanjing University Center for Chinese and American Studies, China, 2000

BA, Economics, Hubei University, China, 1997

Working Experience:

Aug. 2002-Jun. 2005 Department of Economics, University of Pittsburgh

Mar.-Apr. 2001 Human Resource Department, China Communication Securities Co., Ltd

Jul.-Aug. 1996 Foreign Exchange and Settlement Department, Industrial and Commercial Bank of China, Shenzhen Branch

Chinese Financial Alternative Investments, Peking University Press, March 2013, 1st edition.
Game Theory, Peking University Press, July 2009, 1st edition.    

“Capital Flight and Bitcoin Regulation,” (with L. Ju and J. Lu), International Review of Finance, forthcoming. (SSCI)  
“Optimal Ring Size at First-price Auctions,” Journal of Institutional and Theoretical Economics, 2015 Vol 171, No.4, 609-621. (SSCI)
“Broker Monitoring of Premium Adequacy: the Role of Contingent Commissions,” (with L. Ju and M. Browne), Applied Economics, 2014 Vol.20, No.46, 2375-2386. (SSCI)
“Green Insurance and Renewable Energy,” (with L. Ju), in Manhong Mannie Liu, Mike Henry and Haifeng Huang, editor. Renewable Energy in China: Towards a Green Economy, 2014 Vol. 2, 196-208. Enrich Professional Publishing, Singapore. (Book Chapter)
“Emerging Impact of Chinese Commodity Futures Market on Domestic and Global Economy,” (with M. Song and L. Zhang), China & World Economy, 2013 Vol. 21, No.6, 79-99. (SSCI)
“A Unique ‘T+1 Trading Rule’ in China: Theory and Evidence,” (with M. Guo and Z. Li), Journal of Banking and Finance, 2012 Vol. 36, 575-583. (SSCI)
“A Resale Explanation for Declining Prices in Sequential Auctions,” Review of Applied Economics, 2010 Vol. 6, No. 1-2, 113-127. (Econlit)
“Wholesale Electricity Market Failure and the New Market Design,” (with Haoyu Zhou et al), Power Engineering Society General Meeting, IEEE, 2005 Vol. 1, 503-508. (EI)

Chinese Financial Markets and Institutions
Applied Econometrics
Microeconomics II
Game Theory