Tin Cheuk Leung (Tommy 梁天卓) 

I am an Associate Professor at the Department of Economics at Wake Forest University.  I was an Assistant Professor at the Department of Economics at Chinese University of Hong Kong between 2009 and 2016. My current research interests include the economics of digitization, the economic history of the African slave trade and its effects, and the economics of housing. 

My Google Scholar profile here.  My X (Twitter) account here. I am the co-organizer of the VIDE seminar series, an open online international and inter-institutional seminar on the digital economy.

Working Papers: 

• An Empirical Decomposition of Information vs Sentiment Shifts in Advertising (Jun 2025, with Shi Qi and Koleman Strumpf)

  • 5-min version podcast

• Disentangling Demand and Supply of Media Bias: The Case of Newspaper Homepages (May 2025, with Koleman Strumpf) CESifo Working Paper No. 10890

  • Slides

  • AI-generated podcast, 5-min version podcast

  • Mentioned in Marginal Revolution, The Conversation, WFU News, WFDD

• Quantifying Racial Prejudices with Housing Transaction Data (Sep 2024, with Xiaojin (Aaron) Sun and Kwok Ping Tsang)

  • Mentioned in New York Times 

  • AI-generated podcast

• All the Headlines that Are Fit to Change (Mar 2023, with Koleman Strumpf)

  • Slides

  • U Penn Law School Economics of Digital Service Blog

• Discrimination in the Publishing Industry? (Jan 2022, with Koleman Strumpf) 

  • Mentioned in The Bookseller

Work in Progress

• Social Network Addiction, with Koleman Strumpf and Tsz-Nga Wong

• Dissecting Netflix's Self-Preferencing: Evidence from Viewer-Level Data, with Shi Qi and Koleman Strumpf

Publications:

1. Leung, T.C., and S. Qi (2023): "Globalization and the Rise of Action Movies in Hollywood," Journal of Cultural Economics, 47, pp. 31-69. Working paper version here. 

   • Featured in EconomistTalkArt.org: blogpost here. 

2. Leung, T.C., K.P. Tsang, and K. K. Tsui (2022): "Collusion in Private Procurement: How Does Mandatory Building Inspection Increase Renovation Prices?" Singapore Economic Review, 67(5), pp. 1759-1779. Working paper version here. 

3. Kim, J.H., and T.C. Leung (2021): "Eliminating Digital Rights Management in the E-Book Market," Information Economics and Policy, 57. (previous title: "Quantifying the Impacts of Digital Rights Management and E-Book Pricing on the E-Book Reader Market”) 

4. Leung, T.C., K.P. Tsang, and K. K. Tsui (2020): "Why Are Inferior Seats "Underpriced"? Evidence from the English Premier League," Man and the Economy, (7) 1. Working paper version here. 

5. Leung, T.C., S. Qi, and J. Yuan (2020): "Movie Industry Demand and Theater Availability," Review of Industrial Organization, 56, pp. 489-513. Working paper version here.

6. Leung, T.C., K.P. Tsang, and K. K. Tsui (2019): "What Can Regulators Deregulate? The Case of Electricity," Journal of Regulatory Economics, 56(1), pp. 1-32 (lead article). Working paper version here.

7. Kim, J.H., T.C. Leung, L. Wagman (2017): "Can Restricting Property Use Be Value Enhancing? Evidence from Short-Term Rental Regulations," Journal of Law & Economics, 60(2), pp. 309-334. (previous title: "Property and Neighborhood Externalities: Evidence from Short-Term Rental Reguations") working paper version here.

8. Chao, H., C.Y. Ho, T.C. Leung, and Travis Ng (2017): "To Root or Not to Root? The Economics of Jailbreak," Journal of Comparative Economics, 45(3), pp. 481-497. Working paper version here.

9. Dalton J.T. and T.C. Leung (2017): "Strategic Decision-Making in Hollywood Release Gaps," Journal of International Economics, 105, pp. 10-21. Working paper version here. 

10. Leung, C.K.Y., T.C. Leung, and K.P. Tsang (2015): "Tax-driven Bunching of Housing Market Transactions: The Case of Hong Kong," International Real Estate Review, 18(4), pp. 473-501. 

11. Dalton J.T. and T.C. Leung (2015):  "Dispersion and Distortions in the Trans-Atlantic Slave Trade," Journal of International Economics, 96(2), pp. 412-425. Working paper version here.

12. Leung, T.C. (2015): "Music Piracy: Bad for Record Sales but Good for the iPod?," Information Economics and Policy, 31, pp. 1-12 (lead article). (previous title: "Should the Music Industry Sue its Own Customers? Impacts of Music Piracy and Policy Suggestions") Working paper version here.

13. Dalton J.T. and T.C. Leung (2014): "Why is Polygyny More Prevalent in Western Africa? An African Slave Trade Perspective," Economic Development and Cultural Change, 62(4), pp.599-632 (lead article). Working paper version here. 

    • Featured in Foreign Policy Magazine (pdf)

14. Leung, T.C. (2013): "What is the True Loss Due to Piracy? Evidence from Microsoft Office in Hong Kong,"Review of Economics and Statistics, 95(3), pp.1015-1029. Working paper version here.  Online Appendix

15. Leung, T.C. and K.P. Tsang (2013): "Anchoring and Loss Aversion in the Housing Market: Implications on Price Dynamics,"China Economic Review, 24, pp.42-54. Working paper version here.

16. Leung, T.C. and K.P. Tsang (2013): "Can Anchoring and Loss Aversion Explain the Predictability of Housing Prices?" Pacific Economic Review, 18(1), pp.41-59. Working paper version here.

17. Leung, T.C. and K.P. Tsang (2012): "Love Thy Neighbor: Income Distribution and Housing Preferences," Journal of Housing Economics, 21(4), pp.322-335. Working paper version here.

Other Working Papers:

• The Slave Trade and Conflict in Africa, 1400-2000 (Jun 2019, with Levi Boxell and John T. Dalton) 

• Being Bad by Being Good: Owner and Captain Value-Added in the Slave Trade (Mar 2019, with John T. Dalton)