Anthony Lee Zhang


I'm an assistant professor of finance at the UChicago Booth School of Business. I work on market design, and my research covers topics such as financial derivatives, housing markets, bilateral bargaining, and the allocation of natural resource use rights. My CV is here, and you can reach me at

I'm currently looking to hire a full-time research assistant, starting summer 2021. Details and application information here. If you're an undergraduate at UChicago, I also occasionally hire undergrads for part-time RA work. Feel free to shoot me an email if you're interested!

Working papers

Competition and Manipulation in Derivative Contract Markets, July 2020
Here's a video presentation (SFS Cavalcade 2020). Older JMP version and online appendix, December 2018.

Search Frictions and Idiosyncratic Price Dispersion in the US Housing Market, with Nadia Kotova, February 2020.
Video presentation (AREUEA Virtual Seminar 2020).

Efficiency and Revenue in Linear-Quadratic Double Auctions, with Daniel Chen, September 2020.

Depreciating Licenses, with Glen Weyl, September 2020.

Mediation in Bargaining: Evidence from Large-Scale Field Data on Business-to-Business Negotiations, with Carol Lu and Brad Larsen, March 2020.

A Mechanism Design Approach to Identification and Estimation, with Brad Larsen, July 2018.


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.


Miscellaneous writing

Notes and derivations