Price Discovery on Decentralized Exchanges (with R. Jia and S. Yu). (preprint). Revise and Resubmit at the Review of Financial Studies. Press coverage (Bloomberg)
Privacy-Enhanced Payment Systems (with B. Zhu and M. Lee). (preprint)
Maximal Extractable Value and Allocative Inefficiencies in Public Blockchains (with R. Jia and Y. Wang). (preprint). Revise and Resubmit at the Journal of Financial Economics. Winner of the 2022 Annual CBER Conference Best Paper Prize. Press Coverage (Telegraph).
Sustainable Investment Strategies with Real Asset Trades (with J. Sethuraman and F. Verastegui). (preprint)
Proposer-Builder Separation, Payment for Order Flows, and Centralization in Blockchain (with R. Jia and S. Olafsson). (preprint).
The Paradox Of Just-in-Time Liquidity in Decentralized Exchanges: More Providers Can Sometimes Mean Less Liquidity (with R. Jia and B. Zhu). (preprint). Link to podcast
Advances in Blockchain and Crypto Economics (with B. Biais, A. Capponi, L.W. Cong, V. Gaur, and K. Giesecke. Editorial of the Special Issue on Crypto Economics and Blockchain. Management Science, 69(11), 6417–6426, 2023.