Results

Journal article

Journal of Urban Economics:

Political favoritism in China's capital markets and its effect on city sizes

This paper examines political favoritism of cites in national capital markets and the effect of that favoritism on city sizes. The paper estimates the city-by-city variation in the prices of capital across cities in Chin...Read more...

CEP discussion paper

Distorted monopolistic competition

We characterize the equilibrium and optimal resource allocations in a general equilibrium model of monopolistic competition with multiple asymmetric sectors and heterogeneous firms. We first derive general results for ad...Read more...