Working Paper

• • Estimating Discrete Choice Demand Models with Sparse Market-Product Shocks (with Kenichi Shimizu), work in progress.

  • How Banks Create Gridlock in Payment Systems to Save Liquidity: The Case of Canada (with Rodney Garratt and Phoebe Tian) [Bank of Canada Staff Working Paper ], revised and resubmitted to Journal of Money, Credit and Banking. 

  • Flagship Entry in Online Marketplaces (with Ginger Zhe Jin, Xiaolu Zhou, Lu Fang), [PDF], July 2023.

  • Examining the Zero-Markup Drug Policy in China: A Structural Approach (with Qifan Huang and Castiel Chen Zhuang), [PDF], Oct 2023. 

  • The Consequence of Tax Evasion on China’s Housing Market: A Structural Model Approach (with Sisi Zhang and Daxuan Zhao).

Refereed Journal Publication

• • Semi-Nonparametric Estimation of Random Coefficient Logit Model for Aggregate Demand (with Xiaoxia Shi and Jing Tao), Journal of Econometrics, [DOI], August 2023.

  • From LVTS to Lynx: Quantitative Assessment of Payment System Transition (with Ajit Desai, Hiru Rodrigo, Jacob Sharples, Phoebe Tian, Nellie Zhang), Journal of Payments Strategy & Systems, [Central Banking coverage], April 2023.

  • Estimating Demand for Differentiated Products with Zeroes in Market Share Data (with Amit Gandhi and Xiaoxia Shi), Quantitative Economics, [DOI], May 2023, [Replication files].

  • Transmission of Cyber Risk Through the Canadian Wholesale Payment System (with Anneke Kosse), [Bank of Canada Staff Working Paper], accepted by Journal of Financial Market Infrastructures, February 2023.

  • Estimating Multinomial Choice Models with Unobserved Choice Sets, Journal of Econometrics, [DOI], February 2022.

  • The Effects of Government Licensing on E-Commerce: Evidence from Alibaba (with Ginger Zhe Jin, Xiaolu Zhou, Chunxiao Li), Journal of Law and Economics, [DOI], February 2022.

  • Quantifying the economic benefits of payment modernization: the case of the large-value payment system (with Neville Arjani and Fuchun Li), [Payment Canada Discussion Papers], [Bank of Canada Staff Working Paper], Journal of Financial Market Infrastructures, October 2022.

  • Examining the Impact of Cooling Measures on China's New Home Market (with Sisi Zhang and Jian Hong), China Economic Review [DOI], June 2021.

  • Not too much nor too little: Salience bias in mobile plan choices (with Haofeng Jin, Liqiang Huang and Junsheng Dou), Telecommunications Policy [DOI], May 2021.

  • Predicting Payment Migration in Canada (with Anneke Kosse and Gabriel Xerri), Journal of Financial Market Infrastructures [DOI], March 2021.

Other Publication

• • Three things we learned about the Lynx payment system (with Nikil Chande, Hiru Rodrigo and Phoebe Tian), Financial Stability Hub, 2023.

  • Measuring the Effectiveness of Salespeople: Evidence from a Cold-Drink Market (with Haofeng Jin), [Bank of Canada Staff Working Paper], August 2021.

  • An Economic Perspective on Payments Migration (with Anneke Kosse and Gabriel Xerri), [Bank of Canada Staff Working Paper], June 2020.