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Xiaoyong Zheng

Professor, Director of Graduate Program

Graduate Program Director

Nelson Hall 3322


Area(s) of Expertise

  • Agricultural Economics: Prices, Markets and Policy
  • Applied Econometrics
  • Industrial Organization

Dr. Xiaoyong Zheng studies markets with asymmetric information. His published and working projects include empirical studies of auctions (public works; timber; conservation reservation), contracts (marketing and production contracts in agriculture) and insurance (health; crop). He is also an applied econometrician, applying microeconometrics methods to study policy-relevant issues in food demand, health and international trade.

RePEc Profile

Selected Working Papers

Measuring the Value of Information in NuVal Shelf Nutrition Label,” with F. Liang and C. Zhen.

Selected Publications

Cho, M. and X. Zheng (forthcoming): “Bayesian Estimation of Dynamic Panel Gravity Model,” Econometric Reviews.

Zheng, Y., T. Vukina and X. Zheng (forthcoming): “Risk Aversion, Moral Hazard, and Gender Differences in Health Care Utilization,” Geneva Risk and Insurance Review. 

He, J., X. Zheng, R. M. Rejesus and J. M. Yorobe (forthcoming): “Input Use under Cost-of-Production Crop Insurance: Theory and Evidence,” Agricultural Economics. 

Zhen, C. and X. Zheng (forthcoming): “The Impact of NuVal Shelf Nutrition Labels on Food Purchase,” Applied Economic Perspectives and Policy.

He, J., X. Zheng, R. M. Rejesus and J. M. Yorobe (2019): “Moral Hazard and Adverse Selection Effects of Cost-of-Production Crop Insurance: Evidence from the Philippines,” Australian Journal of Agricultural and Resource Economics, 63, 1, 166-197.

He, J., R. M. Rejesus, X. Zheng and J. M. Yorobe (2018): “Advantageous Selection in Crop Insurance: Evidence from the Philippines,” Journal of Agricultural Economics, 69, 3, 646-668.

Choi, H. J., M. K. Wohlgenant and X. Zheng (2013): “Household-level Welfare Effects of Organic Milk Introduction,” American Journal of Agricultural Economics, 95(4): 1009–1028.

Hammond, R. G. and X. Zheng (2013): “Heterogeneity in Tournaments with Incomplete Information: An Experimental Analysis,” International Journal of Industrial Organization, 248–260.

Li, T. and X. Zheng (2012): “Information Acquisition and/or Bid Preparation: A Structural Analysis of Entry and Bidding in Timber Sale Auctions,” Journal of Econometrics, 168, 29–46.

Vukina, T. and X. Zheng (2011): “Homogenous and Heterogenous Contestants in Piece Rate Tournaments: Theory and Empirical Analysis,” Journal of Business & Economic Statistics, 29:4, 506-517.

Zheng, X. (2009): “Quantifying the Cost of Excess Market Thickness in Timber Sale Auctions,” International Journal of Industrial Organization, 27, 553–566.

Li, T. and X. Zheng (2009): “Entry and Competition Effects in First-Price Auctions: Theory and Evidence from Procurement Auctions,” Review of Economic Studies, 76(4): 1397-1429.

Zheng, X. and T. Vukina (2009): “Do Alternative Marketing Arrangements Increase Pork Packers’ Market Power?” American Journal of Agricultural Economics, 91(1): 250–263.

Li, T. and X. Zheng (2008): “Semiparametric Bayesian Inference for Dynamic Tobit Panel Data Models with Unobserved Heterogeneity,” Journal of Applied Econometrics, 23(6): 699-728.

Vukina, T., X. Zheng, M. Marra and A. Levy (2008): “Do Farmers Value the Environment? Evidence from a Conservation Reserve Program Auction,” International Journal of Industrial Organization, 26, 1323– 1332.

Zheng, X. and T. Vukina (2007): “Efficiency Gains from Organizational Innovation: Comparing Ordinal and Cardinal Tournament Games in Broiler Contracts,” International Journal of Industrial Organization, 25, 843–859.

Vukina, T. and X. Zheng (2007): “Structural Estimation of Rank-Order Tournaments with Private Information,” American Journal of Agricultural Economics, 89(3): 651–664.


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Ph.D., Economics, Indiana University (2005)