Research

Working Papers

Regulating Competing Payment Networks
Revise and Resubmit, American Economic Review
March 2025
Paper | Coverage: NYT, The Economist, Kellogg Insight, BBC
Who Pays for Payments
(with Mark Egan, Gregor Matvos, Amit Seru, and Vincent Yao)
January 2026
Contact for Draft
Minority Specialized Lenders
(with Erica Jiang, Gregor Matvos, and Amit Seru)
May 2024
Contact for Draft
Financial Supermarkets
(with Shengmao Cao)
Contact for Draft

Resting Papers

Startup Antitrust and Financial Frictions
June 2022
Paper

Work in Progress

Interchange and Informality
(with Sean Higgins)