I'm an assistant professor of finance at the UChicago Booth School of Business. My research covers topics such as real estate markets, household finance, banking and financial intermediation, and crypto/DeFi. My CV is here. You can reach me at firstname.lastname@example.org, or DM me on Twitter, Telegram, or Wechat.
If you're an undergrad or grad student at UChicago, I'm also occasionally hiring for part-time RA work. Shoot me an email if you're interested!
Quantifying Bargaining Power Under Incomplete Information: A Supply-Side Analysis of the Used-Car Industry, with Brad Larsen, November 2021. R&R, Review of Economic Studies.
Subsumes some material from A Mechanism Design Approach to Identification and Estimation.
Intermediaries in Bargaining: Evidence from Business-to-Business Used-Car Inventory Negotiations, with Carol Lu and Brad Larsen, August 2021. R&R, Journal of Political Economy.
Media: CEC, Chicago Booth Review
Monetary Policy Transmission
in Segmented Markets, with Jens Eisenschmidt and Yiming Ma, April 2022. R&R, Journal of Financial Economics.
Media: ECB, Chicago Booth Review, Central Banking
Liquidity in Residential Real Estate Markets, with Nadia Kotova, April 2021. R&R, Review of Financial Studies.
Video presentation (AREUEA Virtual Seminar 2020).
Collateral Value Uncertainty and Mortgage Credit Provision, with Erica Jiang, March 2023
Twitter thread. Media: Chicago Booth Review, Chicago Booth Review Video
Data and Welfare in Credit Markets, with Mark Jansen, Fabian Nagel, and Constantine Yannelis, July 2022.
Automated Market Making and Loss-Versus-Rebalancing, with Jason Milionis, Ciamac C. Moallemi, and Tim Roughgarden, August 2022.
Zoning for Profits: How Public Finance Shapes Land Supply in China, with Zhiguo He, Scott Nelson, Yang Su, and Fudong Zhang, May 2023
Twitter thread. Media: Chicago Booth Review, Vox China
Investor Experience Matters: Evidence from Generative Art Collections on the Blockchain, with Sebeom Oh and Samuel Rosen, August 2022
Media: Machines & Masterpieces podcast, 深潮TechFlow
The Credit Channel of Monetary Policy
Transmission: Evidence From the Chonsei System, with Baiyun Jing and Seongjin Park, November 2022.
Twitter thread, Twitter thread 2, Substack post
Concentration in Product Markets, with Lanier Benkard and Ali Yurukoglu, April 2021
Media: The Times, NBER Digest, Chicago Booth Review
The Bank Churn Channel, with Erica Jiang, July 2021
Competition and Selection in Credit Markets, with Constantine Yannelis, March 2023. Accepted, Journal of Financial Economics.
Competition and Manipulation in Derivative Contract Markets, Journal of Financial Economics (2022)
Twitter thread. Media: Regulatory Compliance Watch. Cited in Petition to CFTC to ban Nasdaq Veles California Water Index Futures contracts.
Depreciating Licenses, with Glen Weyl. AEJ: Economic Policy (2022).
Twitter thread, MD4SG post, PolicyTracker. Referenced in UK Office of Communications (Ofcom) Consultation on Supporting the UK’s wireless future. Discussed in Ofcom-LSE Conference on Foothold Auctions.
Redesigning Spectrum Licenses, with Paul Milgrom and Glen Weyl, Regulation, 2017, 40(3): 22–26.
Implementability, Walrasian Equilibria, and Efficient Matchings, with Piotr Dworczak, Economics Letters, 2017, 153 pp. 57–60.
Some podcasts I've done