Shuntian Yao

ORCID: 0009-0009-2650-3910
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About
Contact & Profiles
Research Areas
  • Economic theories and models
  • Economic Theory and Institutions
  • Auction Theory and Applications
  • Corruption and Economic Development
  • Economic Theory and Policy
  • Merger and Competition Analysis
  • Natural Language Processing Techniques
  • Topic Modeling
  • Digital Platforms and Economics
  • Transportation Planning and Optimization
  • Economic and Environmental Valuation
  • Economic Growth and Productivity
  • Web Data Mining and Analysis
  • Multimodal Machine Learning Applications
  • Game Theory and Applications
  • Culture, Economy, and Development Studies
  • Political Economy and Marxism
  • Interactive and Immersive Displays
  • Tactile and Sensory Interactions
  • Online Learning and Analytics
  • Game Theory and Voting Systems
  • Spreadsheets and End-User Computing
  • Human Motion and Animation
  • Global trade and economics
  • Fiscal Policy and Economic Growth

Peking University
2025

Beijing University of Posts and Telecommunications
2024

Hunan University of Technology
2022

Nanyang Technological University
2002-2012

University of North Carolina at Pembroke
2010

Victoria University of Wellington
1997

Yale University
1989-1990

Austen Riggs Center
1989

10.1016/0022-0531(90)90054-n article EN Journal of Economic Theory 1990-06-01

It is well known that China's corruption problem has become more and serious during the period of economic reform. This paper examines with help several simple models. The author proposes concepts implicit explicit corruption. We explain how granting privileges directly created in socialist market economy. argue long‐term existence same privileged group Chinese society led to widespread collusion among its members, as a result, these by utilizing their monopoly power, are able seize almost...

10.1111/1536-7150.00160 article EN American Journal of Economics and Sociology 2002-01-01

Large language models (LLMs) have fueled many intelligent web agents, but most existing ones perform far from satisfying in real-world navigation tasks due to three factors: (1) the complexity of HTML text data (2) versatility actions on webpages, and (3) task difficulty open-domain nature web. In light these challenges, we develop open AutoWebGLM based ChatGLM3-6B. can serve as a powerful automated agent that outperform GPT-4. Inspired by human browsing patterns, first design an...

10.1145/3637528.3671620 article EN cc-by Proceedings of the 28th ACM SIGKDD Conference on Knowledge Discovery and Data Mining 2024-08-24

We present WebGLM, an enhanced LLM-based retrieval question-answering system based on the ChatGLM3-6B, offering significant improvements over previous systems. aim to augment a pre-trained large language model (LLM) with web search and reliable capabilities while being efficient for real-world deployments. Leveraging LLM’s in-context learning ability robust filter strategy, we create high-quality training dataset address hallucination issue self-check mechanism. Our base model, excels in...

10.1145/3729421 article EN ACM transactions on office information systems 2025-04-18

Large language models (LLMs) have fueled many intelligent agent tasks, such as web navigation -- but most existing agents perform far from satisfying in real-world webpages due to three factors: (1) the versatility of actions on webpages, (2) HTML text exceeding model processing capacity, and (3) complexity decision-making open-domain nature web. In light challenge, we develop AutoWebGLM, a GPT-4-outperforming automated built upon ChatGLM3-6B. Inspired by human browsing patterns, design an...

10.48550/arxiv.2404.03648 preprint EN arXiv (Cornell University) 2024-04-04

The paper studies the Walrasian equilibrium theory of division labor for large economies with weakly convex production techniques and presence transaction costs. Earlier results published by Wen are revised generalized so that new versions can be applied to a much larger category economic models. A simple example demonstrates how theoretical used computation network structure identification.

10.1111/1467-9361.00164 article EN Review of Development Economics 2002-10-01

Abstract. This paper develops a general equilibrium model to consider the effects of corruption caused by institutionalized privilege on economic welfare, network size division labour and productivity. First Walrasian in market economy is computed; then we welfare when privileged group chosen work as high‐level administrators. Finally, allow for explicit collusion between administrators introducing an administrator's agent who acts interests all The shows that (fixed point) degree...

10.1111/j.1468-0106.2005.00277.x article EN Pacific Economic Review 2005-09-30

10.1111/j.1435-5957.2005.00043.x article EN Papers of the Regional Science Association 2005-11-01

Abstract. Using a price vector and conjecture about population's activities, this paper suggests that mixed Nash–Walrasian equilibrium (NWE) occurs if, when every individual maximizes her utility under conjecture, the trading markets theft ‘markets’ are all cleared. Thus, in our model property rights system, instead of giving protection directly to producers, is aimed mainly at discouraging illegal behaviour. As result, economy seen depend not only on self‐protection and/or legal system...

10.1111/j.1468-0106.2004.00254.x article EN Pacific Economic Review 2004-12-01

Large Multimodal Models (LMMs) have ushered in a new era artificial intelligence, merging capabilities both language and vision to form highly capable Visual Foundation Agents. These agents are postulated excel across myriad of tasks, potentially approaching general intelligence. However, existing benchmarks fail sufficiently challenge or showcase the full potential LMMs complex, real-world environments. To address this gap, we introduce VisualAgentBench (VAB), comprehensive pioneering...

10.48550/arxiv.2408.06327 preprint EN arXiv (Cornell University) 2024-08-12

We present AutoGLM, a new series in the ChatGLM family, designed to serve as foundation agents for autonomous control of digital devices through Graphical User Interfaces (GUIs). While models excel at acquiring human knowledge, they often struggle with decision-making dynamic real-world environments, limiting their progress toward artificial general intelligence. This limitation underscores importance developing capable learning environmental interactions by reinforcing existing models....

10.48550/arxiv.2411.00820 preprint EN arXiv (Cornell University) 2024-10-28

Large language models (LLMs) have shown remarkable potential as autonomous agents, particularly in web-based tasks. However, existing LLM web agents heavily rely on expensive proprietary APIs, while open LLMs lack the necessary decision-making capabilities. This paper introduces WebRL, a self-evolving online curriculum reinforcement learning framework designed to train high-performance using LLMs. WebRL addresses three key challenges building including scarcity of training tasks, sparse...

10.48550/arxiv.2411.02337 preprint EN arXiv (Cornell University) 2024-11-04

In this paper the author offers an explanation for increasing extent of China's corruption problem during past several years. A mathematical model is constructed, in which conflicts among three groups Chinese population anti‐corruption movement are modelled as a two person game. The existence Nash equilibrium discussed. It pointed out that level may increase GNP grows, long majority people continue to be strategically passive. While focus on present situation, believes method modelling and...

10.1111/j.1467-8454.1997.tb00828.x article EN Australian Economic Papers 1997-06-01

Abstract. In this paper we discuss finite economies with the presence of transaction costs and decreasing, constant or increasing returns. general such an economy may have no equilibrium existence even empty core. We analyse trading networks economy, introducing concepts locally stable network structure, un‐dominated structures most structures. point out that set could be treated as a solution concept for core both in theoretical analysis application.

10.1111/j.1468-0106.2008.00422.x article EN Pacific Economic Review 2008-12-01

This paper constructs a mathematical model to study China’s urban real estate markets, in which there are different types of demands from house buyers, and housing suppliers adopt the strategy quality differentiation second-degree price discrimination. Our theoretical result shows that, case, without government intervention market, it is almost inevitable that prices both related resources will rocket. To achieve goal “houses built for inhabitance”, we put forward policy scheme inhabitance”...

10.3390/jrfm15100450 article EN Journal of risk and financial management 2022-10-04

Abstract In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general are constructed and analyzed greater detail. We discover that technical innovation by monopolist could significantly increase social welfare. conclude that, general, criticism against based on its increased deadweight loss is less accurate than previously postulated studies.

10.5018/economics-ejournal.ja.2010-27 article EN cc-by Economics 2010-10-04

Abstract. In this paper, the authors compare behaviours of a sales revenue maximizer with that profit in their response to an increase per unit production cost or tax being imposed. A common mistake currently used textbooks is pointed out, and new proposition proposed for replacing false statement there.

10.1111/j.1468-0106.2007.00371.x article EN Pacific Economic Review 2007-11-01
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