工作论文 PAPERS
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The Incident-Driven Green Products
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Overnight Learning, Price Discovery, and Macroeconomic Announcements
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Monetary Policy in Open Economies with Production Networks
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Transcontinental Railways and Hinterland Development
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Gold is a Hedging Asset
While industry investors commonly view gold as a hedging asset, academic studies often find the opposite We show
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Volatility-Managed Volatility Trading
We develop volatility risk premium (VRP) timing strategies that involve trading two assets: a volatility asset and
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Launching for the "Greater Good": Spillover Effect of ESG Funds
We examine the incentives motivating a mutual fund family to launch ESG funds, aiming to understand the supply-si
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The Asset Durability Premium
Durable capital is harder to finance not only due to its greater down payment, but also because of its larger
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Bargaining and Dynamic Competition
Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm Econom
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Fare Structure and the Demand for Public Transit
We study fare structure design and public transit use Leveraging a fare rise in the Beijing Subway that replaced a flat rate with one that varies by distance, time, and offers quantity discounts, we find inelastic demand, inflexible travel schedules, and