Research

Publication

1. "Auction-lottery Hybrid Mechanisms: Structural Model and Empirical Analysis" (with Quan Wen), International Economic Review, 2019.  Link | PDF | Supp. Material 

2. "Procurement Auctions under Quality Manipulation Corruption" (with Jijun Xia), European Economic Review, 2019. Link | PDF 

3. "An Empirical Study of Scoring Auctions and Quality Manipulation Corruption," European Economic Review, 2019. Link | PDF 

4. "Structural Analysis of Tullock Contests with an Application to U.S. House of Representatives Elections" (with Ming He), International Economic Review, 2021.  Link | PDF 

5. "Whom to Educate? Financial Literacy and Investor Awareness" (with Zhengqing Gui and Xiaojian Zhao), China Economic Review, 2021. Link | PDF | in media: KKNews, QIIR

6. "Supervisory Efficiency and Collusion in a Multiple-agent Hierarchy" (with Xiaogang Che and Le Zhang), Games and Economic Behavior, 2021.  Link | PDF 

7. "Resource Allocation Among Competing Innovators" (with Pin Gao, Xiaoshuai Fan, and Ying-Ju Chen), Management Science, 2022. Link | PDF  | in media: HKET, IEMS (video)

8. "Search Algorithm, Repetitive Information, and Sales on Online Platforms." (with Yu Xie), International Journal of Industrial Organization, 2023. Link | PDF

9. "Financial Fraud and Investor Awareness" (with Zhengqing Gui and Xiaojian Zhao), Journal of Economic Behavior & Organization, 2024. Link |  PDF | in media: IEMS, HKEJ

10. "Agency Model versus Wholesale Model" (with Dingwei Gu), Information Economics and Policy, 2024. Link | PDF | Slides 

Working Papers

1. "Price Signaling and Reputation Building: Evidence from a Service Platform" (with Si Zuo and Chenyang Li). PDF | Slides | in media: SCMP

2. "Stores Going Online: Heterogeneous Effects and Shopping Mall's Response" (with Si Zuo and Chenyang Li). PDF | Slides

3. "Fintech Market and Regulation: Lessons from China's Peer-to-peer Lending Platforms" (with Dingwei Gu and Zhengqing Gui), R&R at Journal of Corporate Finance. PDF | Slides | in media: IEMS (video)

4. "Multiple Prizes and Idea Diversity in Innovation Contests" (with Ying-Ju Chen, Zhuoqiong Chen, and Bin Liu). PDF | Slides 

5. "An Empirical Study of Learning and Strategic Bidding in Large-scale Multi-unit Auctions" (with Haohui Wang and Liang Zhao). PDF 

6.  "Researcher-Entrepreneur Relationship and Performance of Innovative Startups" (with Helen Hui), R&R at International Journal of Finance and Economics. PDF | Slides

7. "Structural Analysis of Competing Auctions with an Application to Taobao Judicial Auction Platform" (with Quan Wen and Shuo Jiang) . PDF | Slides

8. "Cross-industry Acquisition by Digital Platforms" (with Junbao Li and Chutian Chen).  PDF | Slides

Work in Progress

1. "Entrepreneurial University Dynamics: Role of University-based Start-up Funding in Hong Kong's Innovation System."

2. "Syndication of Venture Capitals: Theory and Evidence."