Research Interests
Intermediaries, Search and Payment
Publications
Marketmaking Middlemen
A marketmaking middleman, who adopts a mixture of inventory-holding and platform-making modes, can emerge in a directed search equilibrium.
A Job Ladder Model of Executive Compensation
Assess the impact of managerial labor market competition on executive incentive contracts using a dynamic contracting model with moral hazard, search frictions, and poaching.
Working Papers
Middlemen, Liquidity Support, and Product Market Distortions
Investigate how middlemen's provision of liquidity support to suppliers affects downstream market distortions.
From Cash to Buy-Now-Pay-Later: Impacts of platform-provided credit on market efficiency
Analyze the market efficiency implications when e-commerce platforms act as both transaction intermediaries and credit providers via Buy-Now-Pay-Later services.
Self-Preferencing and Welfare in Hybrid Platforms
Examine the welfare consequences of self-preferencing behavior by hybrid platforms that simultaneously operate a marketplace and compete as a first-party seller.