Wen-Chung Guo (郭文忠) Associate Professor of Economics Department of Economics, National Taipei University E-mail: guowc@mail.ntpu.edu.tw

Chinese Version

Major Fields of Interest: Financial Economics Financial Theory Economic Theory Internet and Media Experience: Assistant Professor, Department of Economics, National Taipei University Adjunct Assistant Professor, Department of International Business, National Taiwan University Assistant Professor, Department of Finance, Yuan Ze Univerity Visiting Scholar, Stanford University Assistant Researcher, Taiwan Institute of Economic Research Teaching Assistant, Department of Economics, National Taiwan University Education: Ph. D., Department of Economics, National Taiwan University B. S., Department of Mathematics, National Taiwan University

Selected Publications:

1. “Prices, locations, and welfare when an Online retailer competes with heterogeneous brick-and-mortar retailers,” Wen-Chung Guo, Fu-Chuan Lai, Journal of Industrial Economics, forthcoming. [SSCI]

2. “Spatial Cournot competition in a linear–circular market,” Wen-Chung Guo, Fu-Chuan Lai, The Annals of Regional Science, 54 (3), 2015 (May), 819-834. [SSCI]

3. “A Hotelling Model with Production,” Wen-Chung Guo, Fu-Chuan Lai and Dao-Zhi Zeng, Mathematical Social Sciences, 2015 (Jan.), 73: 40-49. [SSCI]

4. “Media Bias When Advertisers Have Bargaining Power,” Wen-Chung Guo and Fu-Chuan Lai, Journal of Media Economics, 2014 (Aug.), 27 (3): 120-136. [SSCI]

5. “Media bias, slant regulation, and the public-interest media,” Wen-Chung Guo and Fu-Chuan Lai, Journal of Economics, 2015 (April), 114 (3), 291-308. [SSCI]

5. “Spatial competition with quadratic transport costs and one online firm,” Wen-Chung Guo and Fu-Chuan Lai, The Annals of Regional Science, 2014 (Jan.), 52 (1), 309-324. [SSCI]

6. “Spatial price discrimination and location choice with labor markets,” Wen-Chung Guo and Fu-Chuan Lai, The Annals of Regional Science, 2014 (Jan.), 52 (1), 103-119. [SSCI]

7. “Financial Leverage and Market Volatility with Diverse Beliefs,” Wen-Chung Guo, Frank Yong Wang and Ho-Mou Wu, Economic Theory, 2011 (June), 47 (2-3), 337-364. [SSCI]

8. “A study on intellectual capital and firm performance in biotech companies,“ Wen-Chung Guo*, Shin-Rong Shiah-Hou and Wei-Jer Chien, Applied Economics Letters, 2012 (November), 19 (16), 1603-1608.  [SSCI]

9. "Equilibrium Information Acquisition, Prediction Abilities and Asset Prices," Wen-Chung Guo, Sy-Ming Guu, Ting-Yun Chang, Computational Economics, 2011 (January), 37 (1), 89-111. [SSCI]

10. "Nesting Horizontal and Vertical Differentiation with Location Choices," Wen-Chung Guo and Fu-Chuan Lai, Pacific Economic Review, 2013 (Oct.), 18 (4), 546-556. [SSCI]

11. "Are bank mergers procyclical or countercyclical? Theory and evidence from Taiwan," Wen-Chung Guo and Chih-Ching Yang, Applied Financial Economics, 2013 (January), 23 (1), 1-14. [Econlit, Financial Literature][Leading Article]

12. " Does intellectual capital matter for firms' performance? Some evidence from accounting data," Wen-Chung Guo, Shin-Rong Shiah-Hou, Shih-Hua Pan, Investment Management and Financial Innovations, 2011 (Dec.), 8 (4), 86-98. [Econlit]

13. “Network Relationship and Time-to-market of New Product Development,” Hsueh-Jen Hsu and Wen-Chung Guo, Taiwan Journal of Applied Economics, 89, 101-123, 2011 (June). [TSSCI]

14. "Divergence of Opinion and Initial Public Offerings," Hsuan-Chi Chen and Wen-Chung Guo, Review of Quantitative Finance and Accounting, 2010 (January), 34(1), 59-79. [Econlit, Finance Literature Index]

15. "The Comovement of Stock Prices, Herd Behavior and High-Tech Mania," Wen-Chung Guo and Hsiu-Ting Shih, Applied Financial Economics, 2008 (September), 18(16), 1343-1350. [Econlit]

16. "Stock Bonus Compensation and Firm Performance in Taiwan," Wen-Chung Guo, Shin-Rong Shiah-Hou and Yu-Wen Yang, Managerial Finance, 2006 (November), 32(11), 862-885. [Finance Literature Index]

17. "Asset Price Volatility and Trading Volume with Rational Beliefs," Ho-Mou Wu and Wen-Chung Guo, Economic Theory, 2004 (May), 23(4), 795-829. [SSCI]

18. "The Impact of Speculative Trading on Stock Return Volatility: The Evidence from Taiwan," Hsin, C.W., W.C. Guo, S.S., Tseng, W.C. Luo, Global Finance Journal, 2003 (Dec.), 14(3), 243-270. [Econlit, Finance Literature Index][Leading Article]

19. "Speculative Trading with Rational Beliefs and Endogenous Uncertainty," Ho-Mou Wu and Wen-Chung Guo, Economic Theory, 2003 (Mar.), 21(2), 263-292. [Also collected in Assets, Beliefs, and Equilibria in Economic Dynamics, edited by Charalambos D. Aliprantis, Kenneth J. Arrow, Peter Hammond et al., Springer Verlag Publishing (September 15, 2003), 77-106.] [SSCI]

20. "Research Joint Venture for Product Innovation," Hsueh-Jen Hsu and Wen-Chung Guo, Journal of Social Science and Philosophy (in Chinese), 2002 (Dec.), 14 (4), 605-634. [TSSCI]

Conference Papers:

1. Fu-Chuan Lai and Wen-Chung Guo (2015, Nov). Spatial Price Discrimination with Online Competition, . 62nd Annual North American Meetings of the Regional Science Association International, 2015, Portland, USA.

2. Wen-Chung Guo, Fu-Chuan Lai, Chia-Ming Yu (2015, Nov). Where to Locate in Main Global Markets?. 62nd Annual North American Meetings of the Regional Science Association International, 2015, Portland, USA.

3. Wen-Chung Guo and Fu-Chuan Lai (2015, Jul). Media Bias, Political Competition, and Voting Participation. 90th Annual Conference of Western Economic Association International, 2015.

4. Wen-Chung Guo and Fu-Chuan Lai (2013, Jul). Prices, Locations, and Welfare in the Competition between Online and Brick-and-Mortar Retailers. 2013 13TH SAET (Society of Advances on Economic Theory) Conference, Paris, France.

5. A Two-Sided Market Analysis on Media Bias," Wen-Chung Guo and Fu-Chuan Lai (2012, Jun). The Association for Public Economic Theory 13th Annual Conference, Academia Sinica, Taipei, Taiwan.

6. “Government and Private Employment, Wages, and Social Welfare in a Hotelling Oligopsony,” Wen-Chung Guo and Fu-Chuan Lai, Econometric Society Australasian Meeting 2011, 4-7 July, 2011 (Adelaide, Australia).

7. "Investment in Technological Innovations with a Jump Process," Wen-Chung Guo, Chang-Chun Cheng and Yijen Wang, 2009 Far East and South Asia Meeting of the Econometric Society (Tokoyo), (2009-08-03-2009-08-05)

8. "Asset Prices and Trading Volume with Risk-Averse Speculators and Heterogeneous Expectations," Wen-Chung Guo and Ho-Mou Wu, International Conference on Economic Science with Heterogeneous Interacting Agents, Society for Economic Science with Heterogeneous Interacting Agents (Warsaw), 2008-06-19.

9. “Time-to-Market and Strategic Alliances for Research,” Hsueh-Jen Hsu and Wen-Chung Guo, 82nd Western Economic Association International Annual Conference, 2007 Seattle, USA.

10. “Time-to-Market and Strategic Alliances for Research,” Hsueh-Jen Hsu and Wen-Chung Guo, 82nd Western Economic Association International Annual Conference, 2007 Seattle, USA.

11. "Human Capital, Compensation Scheme and Performance of Biotech Firm,” Wen-Chung Guo, Shin-Rong Shiah-Hou and Wei-Jer Chien, The R&D Management Conference 2006 Taiwan.

12. “Return Dispersion, Herd Behavior and High-Tech Mania in Taiwan Market,”Wen-Chung Guo and Hsiu-Ting Shih, 2004 AsFA/TFA/FMA Conference.

13. “Do Margin Trades Destabilize the Markets? The Taiwanese Experience” Chin-Wen Hsin and Wen-Chung Guo, The 11th Annual Conference on Pacific Basin Finance, Economics and Accounting, 2003.

14. “Herd Behavior and High-Tech Mania: Evidence from the Stock Market,” Wen-Chung Guo and Hsiu-Ting Shih, 2003 Econometric Society Australia Meeting, 2003 Pacific Rim Conference for Western Economic Association International 

15. “Testing for Short Termism and Over-Valuation in the U.S. Stock Market,” Ray Y. Chou and Wen-Chung Guo, Seventh Pacific Basin Finance, Economics and Accounting Conference and 2002 the XI International “Tor Vergata” Conference on Banking and Finance.

16. “Effects of Speculation on Asset Prices and Trading Volume in a Large Economy,” Ho-Mou Wu and Wen-Chung Guo, 2002 SITE (Stanford Institute of Theoretical Economics) Summer Conference, The Twelfth PACAP/FMA Conference and The Ninth Conference on The Theories and Practices of Security and Financial Markets, and 2003 Econometric Society European Meeting.

17. “Impacts of Speculative Trading on Stock Return Volatility: The Evidence from Taiwan,” Shin, C.W., W.C. Guo, S.S., Seng, W.C. Luo, 2002 APFA/PACAP/FMA Finance Conference. 

18. “Competition of New Technology Adoption under Demand Uncertainty,” Wen-Chung Guo, Hsueh-Jen Hsu and Yueh-Lung Chiang, 2001 Econometric Society Australasian Conference.

19. “Asset Pricing with Speculative Trading,” Ho-Mou Wu and Wen-Chung Guo, 1999 SITE (Stanford Institute of Theoretical Economics) Summer Conference, 1998 Econometric Society Winter Conference, and The Seventh Conference on The Theories and Practices of Security and Financial Markets [with the best paper reward].