Anthony Lee Zhang


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

If you're an undergrad or grad student at UChicago, I'm occasionally hiring for part-time RA work. Shoot me an email if you're interested!

Working papers

Monetary Policy Transmission in Segmented Markets, with Jens Eisenschmidt and Yiming Ma, December 2020

Competition and Manipulation in Derivative Contract Markets, July 2020
Video presentation (SFS Cavalcade 2020)

Liquidity in Residential Real Estate Markets, with Nadia Kotova, December 2020
Video presentation (AREUEA Virtual Seminar 2020)

Subsidy Schemes in Double Auctions, with Daniel Chen, December 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