Lin William Cong

Cornell University - Samuel Curtis Johnson Graduate School of Management

Associate Professor of Finance

Ithaca, NY 14853

United States

http://www.linwilliamcong.com/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Cornell University - Samuel Curtis Johnson Graduate School of Management

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

50

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71,047

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1,124

CROSSREF CITATIONS

221

Scholarly Papers (50)

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1.

Blockchain Disruption and Smart Contracts

Downloads 8,939 ( 1,114)
Citation 150

Blockchain Disruption and Smart Contracts

Number of pages: 48 Posted: 14 Jun 2017 Last Revised: 10 Apr 2020
Lin William Cong and Zhiguo He
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Finance
Downloads 8,549 (1,209)
Citation 65

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Anti-trust, Cryptocurrency, Competition, Decentralization, Distributed Ledger, FinTech, Incomplete Contracts, Collusion, Information, Repeated Games.

Blockchain Disruption and Smart Contracts

NBER Working Paper No. w24399
Number of pages: 52 Posted: 12 Mar 2018 Last Revised: 03 Mar 2023
Lin William Cong and Zhiguo He
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Finance
Downloads 390 (126,395)
Citation 88

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2.

Tokenomics: Dynamic Adoption and Valuation

Downloads 4,793 ( 3,284)
Citation 146

Tokenomics: Dynamic Adoption and Valuation

Becker Friedman Institute for Research in Economics Working Paper No. 2018-49, Fisher College of Business Working Paper No. 2018-03-015, Charles A. Dice Center Working Paper No. 2018-15, Columbia Business School Research Paper No. 18-62
Number of pages: 76 Posted: 30 Jul 2018 Last Revised: 14 Dec 2020
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 4,536 (3,556)
Citation 28

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Blockchain, Carry Cost, Convenience Yield, Cryptocurrency, FinTech, Intertemporal Feedback, Means of Payment, Network Externality, Platform, Token

Tokenomics: Dynamic Adoption and Valuation

NBER Working Paper No. w27222
Number of pages: 67 Posted: 26 May 2020 Last Revised: 20 May 2023
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 257 (197,438)
Citation 3

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3.

Crypto Wash Trading

Downloads 4,509 ( 3,636)
Citation 8

Crypto Wash Trading

Number of pages: 50 Posted: 02 Mar 2020 Last Revised: 14 Aug 2023
Lin William Cong, Xi Li, Ke Tang and Yang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Reading - Henley Business School,, Institute of Economics, School of Social Sciences, Tsinghua University and University of Bristol - Department of Computer Science
Downloads 4,499 (3,598)
Citation 10

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Bitcoin; CeFi; Cryptocurrency; Forensic Finance; Fraud Detection; Regulation

Crypto Wash Trading

NBER Working Paper No. w30783
Number of pages: 74 Posted: 27 Dec 2022 Last Revised: 14 Apr 2023
Lin William Cong, Xi Li, Ke Tang and Yang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Reading - Henley Business School,, Institute of Economics, School of Social Sciences, Tsinghua University and University of Bristol - Department of Computer Science
Downloads 10 (982,534)
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4.

AlphaPortfolio: Direct Construction Through Deep Reinforcement Learning and Interpretable AI

Number of pages: 76 Posted: 20 Apr 2020 Last Revised: 02 Mar 2022
Lin William Cong, Ke Tang, Jingyuan Wang and Yang Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Beihang University (BUAA) and Beihang University (BUAA)
Downloads 4,449 (3,722)
Citation 2

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Artificial Intelligence, Distillation, LSTM, Machine Learning, Portfolio Theory, Reinforcement Learning.

5.

Rise of Factor Investing: Asset Prices, Informational Efficiency, and Security Design

29th Australasian Finance and Banking Conference 2016
Number of pages: 57 Posted: 29 Jun 2016 Last Revised: 17 Apr 2019
Lin William Cong and Douglas Xu
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Florida - Warrington College of Business Administration
Downloads 4,432 (3,740)
Citation 16

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Composite Securities, ETFs, Smart Beta, Index-Linked investment, Financial Innovation, Security Design, Informational Efficiency

6.

Credit Allocation under Economic Stimulus: Evidence from China

Downloads 3,833 ( 4,756)
Citation 92

Credit Allocation under Economic Stimulus: Evidence from China

Chicago Booth Research Paper No. 17-19
Number of pages: 58 Posted: 01 Nov 2016 Last Revised: 10 Sep 2021
Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Renmin University of China, Northwestern University - Kellogg School of Management and Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science (AMSS)
Downloads 3,297 (6,053)
Citation 6

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Misallocation, Reallocation, Banking, Growth, Firm Investment, Employment

Credit Allocation Under Economic Stimulus: Evidence from China

Global Poverty Research Lab Working Paper No. 17-108
Number of pages: 58 Posted: 19 Feb 2018 Last Revised: 07 Feb 2020
Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Renmin University of China, Northwestern University - Kellogg School of Management and Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science (AMSS)
Downloads 536 (86,427)
Citation 21

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credit, credit allocation, credit expansion, firms, China, capital, growth, recessions

7.

Auctions of Real Options

Downloads 2,739 ( 8,240)
Citation 9

Auctions of Real Options

Number of pages: 51 Posted: 26 Aug 2012 Last Revised: 16 Jun 2019
Lin William Cong
Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,549 (19,905)
Citation 2

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Auctions; Acquisitions; Oil and Gas; Real Options; Security Design; Timing Games.

Timing of Auctions of Real Options

Number of pages: 44 Posted: 09 Sep 2012 Last Revised: 08 Feb 2019
Lin William Cong
Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,190 (29,492)
Citation 9

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Auctions; Dynamic Game; Initiation; Optimal Stopping; Real Options; Mechanism Design; M\&A

8.

Financial Reporting and Blockchains: Misreporting, Auditing, and Regulation

Number of pages: 51 Posted: 25 Sep 2018 Last Revised: 26 Sep 2023
Sean Cao, Lin William Cong and Baozhong Yang
University of Maryland - Robert H. Smith School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and Georgia State University - Robinson College of Business
Downloads 2,655 (8,669)
Citation 26

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Auditor Risk and Sampling, Collaborative Auditing, Distributed Ledger Technology, FinTech, PCAOB PCAOB, RegTech, Technology Adoption, Zero-Knowledge Proof.

9.

Textual Factors: A Scalable, Interpretable, and Data-driven Approach to Analyzing Unstructured Information

Number of pages: 65 Posted: 04 Jan 2019 Last Revised: 04 Nov 2019
Lin William Cong, Tengyuan Liang and Xiao Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2,310 (10,804)
Citation 11

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Big Data, Factor Models, Machine Learning, Text Analytics, Natural Language Processing,Topic Models, Alternative Data

10.

A Brief Introduction to Blockchain Economics

Number of pages: 41 Posted: 12 Sep 2019 Last Revised: 12 Oct 2020
Long Chen, Long Chen, Lin William Cong and Yizhou Xiao
Cheung Kong Graduate School of BusinessLuohan Academy, Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 2,167 (11,979)
Citation 15

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Bitcoin, Blockchain, Distributed Ledger, FinTech

11.

Decentralized Mining in Centralized Pools

Downloads 2,134 (12,276)
Citation 93

Decentralized Mining in Centralized Pools

George Mason University School of Business Research Paper No. 18-9
Number of pages: 54 Posted: 22 Mar 2018 Last Revised: 10 Dec 2019
Lin William Cong, Zhiguo He and Jiasun Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Finance and George Mason University - Department of Finance
Downloads 1,912 (14,362)
Citation 17

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Arms Race, Bitcoin, Blockchain, Energy Consumption, Industrial Organization, Mining Pools, PoW, Risk-Sharing

Decentralized Mining in Centralized Pools

NBER Working Paper No. w25592
Number of pages: 55 Posted: 26 Feb 2019 Last Revised: 05 Jun 2023
Lin William Cong, Zhiguo He and Jiasun Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Finance and George Mason University - Department of Finance
Downloads 222 (227,922)
Citation 25

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12.

An Anatomy of Crypto-Enabled Cybercrimes

Downloads 2,012 (13,472)

An Anatomy of Crypto-Enabled Cybercrimes

Number of pages: 58 Posted: 18 Aug 2022 Last Revised: 25 May 2023
Lin William Cong, Campbell R. Harvey, Daniel Rabetti and Zong-Yu Wu
Cornell University - Samuel Curtis Johnson Graduate School of Management, Duke University - Fuqua School of Business, National University of Singapore (NUS) and Fox It
Downloads 2,003 (13,319)
Citation 1

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Forensic Accounting, Blockchain Analytics, Digital Economy, Cryptocurrency, Cybercrime

An Anatomy of Crypto-Enabled Cybercrimes

NBER Working Paper No. w30834
Number of pages: 33 Posted: 09 Jan 2023 Last Revised: 14 Apr 2023
Lin William Cong, Campbell R. Harvey, Daniel Rabetti and Zong-Yu Wu
Cornell University - Samuel Curtis Johnson Graduate School of Management, Duke University - Fuqua School of Business, National University of Singapore (NUS) and Fox It
Downloads 9 (992,605)
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13.

Information Cascades and Threshold Implementation: Theory and An Application to Crowdfunding

Downloads 1,731 (17,094)
Citation 12

Information Cascades and Threshold Implementation: Theory and An Application to Crowdfunding

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 22 Feb 2018 Last Revised: 11 Jan 2023
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,364 (24,070)
Citation 1

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All-or-nothing, Crowdaction, Entrepreneurship, FinTech, Information Aggregation, Platforms, Venture Capital

Information Cascades and Threshold Implementation: Theory and An Application to Crowdfunding

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-30
Number of pages: 79 Posted: 04 Mar 2019 Last Revised: 08 Aug 2022
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 362 (137,621)
Citation 12

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All-or-nothing, Crowdaction, Entrepreneurship, FinTech, Information Aggregation, Platforms, Venture Capital

Information Cascades and Threshold Implementation: Theory and an Application to Crowdfunding

NBER Working Paper No. w30820
Number of pages: 30 Posted: 09 Jan 2023 Last Revised: 14 Apr 2023
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK)
Downloads 5 (1,030,337)
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14.

Token-based Platform Finance

Downloads 1,713 (17,377)
Citation 50

Token-based Platform Finance

Fisher College of Business Working Paper No. 2019-03-028, Charles A. Dice Center Working Paper No. 2019-28, Columbia Business School Research Paper Forthcoming
Number of pages: 64 Posted: 29 Oct 2019 Last Revised: 03 May 2021
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 1,691 (17,405)
Citation 6

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Blockchain, Cryptocurrency, Dynamic Corporate Financing, Durable Goods, Gig Economy, Optimal Token Supply, Time Inconsistency, Token/Coin Offering

Token-Based Platform Finance

NBER Working Paper No. w27810
Number of pages: 64 Posted: 14 Sep 2020 Last Revised: 28 Jun 2023
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 22 (861,043)
Citation 42

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15.

Policy Uncertainty and Innovation: Evidence from IPO Interventions in China

Downloads 1,609 (19,070)
Citation 3

Policy Uncertainty and Innovation: Evidence from IPO Interventions in China

Chicago Booth Research Paper No. 146
Number of pages: 57 Posted: 06 Feb 2017 Last Revised: 03 May 2021
Lin William Cong and Sabrina T Howell
Cornell University - Samuel Curtis Johnson Graduate School of Management and New York University (NYU) - Leonard N. Stern School of Business
Downloads 1,311 (25,518)
Citation 4

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Listing Suspensions, Innovation, Patent, IPO, China, Entrepreneurship

Policy Uncertainty and Innovation: Evidence from IPO Interventions in China

NBER Working Paper No. w24657
Number of pages: 72 Posted: 30 May 2018 Last Revised: 17 May 2023
Lin William Cong and Sabrina T Howell
Cornell University - Samuel Curtis Johnson Graduate School of Management and New York University (NYU) - Leonard N. Stern School of Business
Downloads 298 (169,543)

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16.

Dynamic Interventions and Informational Linkages

Chicago Booth Research Paper No. 17-09
Number of pages: 95 Posted: 07 Mar 2016 Last Revised: 28 May 2019
Lin William Cong, Steven R. Grenadier and Yunzhi Hu
Cornell University - Samuel Curtis Johnson Graduate School of Management, Stanford Graduate School of Business and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 1,314 (25,867)
Citation 7

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Coordination Failures, Government Intervention, Information Design, Financial Crisis, Global Games

17.

Categories and Functions of Crypto-Tokens

Number of pages: 26 Posted: 29 Mar 2021 Last Revised: 29 Apr 2021
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,287 (26,697)

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Cryptocurrency; Blockchain; DeFi; ICOs

18.

The Tokenomics of Staking

Number of pages: 82 Posted: 06 Apr 2022 Last Revised: 12 Sep 2023
Lin William Cong, Zhiheng He and Ke Tang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Tsinghua University - Institute of Economics and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 1,240 (28,258)

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Carry, Cryptocurrencies, DeFi, Inequality, Proof-of-Stake, Redistribution, UIP.

19.

Inclusion and Democratization Through Web3 and DeFi? Initial Evidence from the Ethereum Ecosystem

Downloads 1,213 (29,136)
Citation 3

Inclusion and Democratization Through Web3 and DeFi? Initial Evidence from the Ethereum Ecosystem

Number of pages: 75 Posted: 30 Sep 2022 Last Revised: 24 May 2023
Lin William Cong, Ke Tang, Yanxin Wang and Xi Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Xi'an Jiaotong University (XJTU) and Xi'an Jiaotong University (XJTU) - School of Management
Downloads 711 (60,287)
Citation 1

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Airdrop, Big Data, Blockchain, Inclusion, Inequality, Large-Scale Computing, Smart Contracts, Transaction Fees

Inclusion and Democratization Through Web3 and DeFi? Initial Evidence from the Ethereum Ecosystem

Number of pages: 75 Posted: 29 Jul 2022 Last Revised: 24 May 2023
Lin William Cong, Ke Tang, Yanxin Wang and Xi Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Xi'an Jiaotong University (XJTU) and Xi'an Jiaotong University (XJTU) - School of Management
Downloads 500 (94,204)
Citation 1

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Airdrop, Big Data, Blockchain, Inclusion, Inequality, Large-Scale Computing, Smart Contracts, Transaction Fees

Inclusion and Democratization Through Web3 and Defi? Initial Evidence from the Ethereum Ecosystem

NBER Working Paper No. w30949
Number of pages: 83 Posted: 13 Feb 2023 Last Revised: 26 Jul 2023
Lin William Cong, Ke Tang, Yanxin Wang and Xi Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Xi'an Jiaotong University (XJTU) and Xi'an Jiaotong University (XJTU) - School of Management
Downloads 2 (1,055,649)
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20.

Persuasion in Relationship Finance

Downloads 1,174 (30,582)
Citation 5

Persuasion in Relationship Finance

Number of pages: 49 Posted: 15 Aug 2017 Last Revised: 01 Nov 2019
Ehsan Azarmsa and Lin William Cong
University of Illinois Chicago, College of Business Administration and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 730 (58,248)

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Bayesian Persuasion, Experimentation, Hold-up, Information Design, Relationship Lending, Security Design, Venture Capital

Persuasion in Relationship Finance

Becker Friedman Institute for Research in Economics Working Paper No. 2017-16
Number of pages: 49 Posted: 11 Oct 2017 Last Revised: 01 Nov 2019
Ehsan Azarmsa and Lin William Cong
University of Illinois Chicago, College of Business Administration and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 444 (108,559)
Citation 5

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Bayesian Persuasion, Experimentation, Hold-up, Information Design, Relationship Lending, Security Design, Venture Capital

21.

Persistent Blessings of Luck: Theory and an Application to Venture Capital

Number of pages: 54 Posted: 22 Feb 2017 Last Revised: 12 Oct 2020
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,069 (34,880)
Citation 2

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Contracting, Deal Flows, Delegated Investment, Entrepreneurial Finance, Managerial Skill, Moral Hazard, Private Equity, Venture Capital

22.

Alternative Data for FinTech and Business Intelligence

Number of pages: 32 Posted: 11 Feb 2020
Lin William Cong, Beibei Li and Tony Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Carnegie Mellon University - H. John Heinz III School of Public Policy and Management and University of Illinois Urbana Champaign
Downloads 1,053 (35,695)
Citation 5

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Alternative Data, Digital Economy, FinTech, Textual Analysis, Internet-of-Things

23.

Analyzing Textual Information at Scale

Number of pages: 34 Posted: 17 Sep 2019 Last Revised: 09 Dec 2019
Lin William Cong, Tengyuan Liang, Baozhong Yang and Xiao Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Booth School of Business, Georgia State University - Robinson College of Business and University of Chicago - Booth School of Business
Downloads 984 (39,397)
Citation 6

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Big Data, Machine Learning, Text-based Analysis, Topic Models, Unstructured Data, Word Embedding

24.

Knowledge Accumulation, Privacy, and Growth in a Data Economy

Number of pages: 52 Posted: 15 Oct 2019 Last Revised: 29 Apr 2022
Lin William Cong, Danxia Xie and Longtian Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Tsinghua University - Institute of Economics and Central University of Finance and Economics
Downloads 982 (39,336)
Citation 22

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Big Data, Data Ownership, Endogenous Growth, Innovation, Non-rivalry, Privacy Regulation

25.

Tax-Loss Harvesting with Cryptocurrencies

Downloads 891 (45,070)
Citation 4

Tax-Loss Harvesting with Cryptocurrencies

Number of pages: 70 Posted: 17 Feb 2022 Last Revised: 21 Sep 2022
Lin William Cong, Wayne R. Landsman, Edward L. Maydew and Daniel Rabetti
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of North Carolina Kenan-Flagler Business School, University of North Carolina at Chapel Hill and National University of Singapore (NUS)
Downloads 880 (45,166)

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Bitcoin, Cryptocurrencies, DeFi, IRS, NFT, Regulation, Taxation, Trading Behavior.

Tax-Loss Harvesting with Cryptocurrencies

NBER Working Paper No. w30716
Number of pages: 72 Posted: 05 Dec 2022 Last Revised: 05 Jun 2023
Lin William Cong, Wayne R. Landsman, Edward L. Maydew and Daniel Rabetti
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of North Carolina Kenan-Flagler Business School, University of North Carolina at Chapel Hill and National University of Singapore (NUS)
Downloads 11 (972,073)
Citation 3
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26.

Value Premium, Network Adoption, and Factor Pricing of Crypto Assets

Number of pages: 65 Posted: 15 Dec 2021 Last Revised: 16 May 2022
Lin William Cong, George Andrew Karolyi, Ke Tang and Weiyi Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Cornell University - SC Johnson College of Business, Institute of Economics, School of Social Sciences, Tsinghua University and Tsinghua University
Downloads 884 (45,552)
Citation 7

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Blockchain, Cryptocurrency, DeFi, Factor Models, Network Effect, Market Segmentation

27.

Financing Entrepreneurship and Innovation in China: A Public Policy Perspective

Stanford University Graduate School of Business Research Paper No. 18-46
Number of pages: 55 Posted: 25 Sep 2018
Lin William Cong, Charles M.C. Lee, Yuanyu Qu and Tao Shen
Cornell University - Samuel Curtis Johnson Graduate School of Management, Foster School of Business, University of Washington, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 825 (50,142)
Citation 3

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28.

Asset Pricing with Panel Tree Under Global Split Criteria

Downloads 814 (51,085)

Asset Pricing with Panel Tree Under Global Split Criteria

Number of pages: 77 Posted: 27 Oct 2021 Last Revised: 19 Dec 2022
Lin William Cong, Guanhao Feng, Jingyu He and Xin He
Cornell University - Samuel Curtis Johnson Graduate School of Management, City University of Hong Kong (CityU), City University of Hong Kong (CityU) and Hunan University - College of Finance and Statistics
Downloads 808 (50,837)

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Asset Pricing, Basis Asset, Explainable AI, Latent Factor, Machine Learning, SDF

Asset Pricing with Panel Tree Under Global Split Criteria

NBER Working Paper No. w30805
Number of pages: 78 Posted: 02 Jan 2023 Last Revised: 14 Apr 2023
Lin William Cong, Guanhao Feng, Jingyu He and Xin He
Cornell University - Samuel Curtis Johnson Graduate School of Management, City University of Hong Kong (CityU), City University of Hong Kong (CityU) and Hunan University - College of Finance and Statistics
Downloads 6 (1,021,486)
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29.

The Coming Battle of Digital Currencies

Downloads 812 (51,257)
Citation 7

The Coming Battle of Digital Currencies

Number of pages: 81 Posted: 06 Apr 2022 Last Revised: 09 Sep 2022
Lin William Cong and Simon Mayer
Cornell University - Samuel Curtis Johnson Graduate School of Management and Carnegie Mellon University
Downloads 605 (74,251)
Citation 6

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CBDC, Cryptocurrency, Currency Competition, Digitization, Dollarization, Money, Stablecoin, Tokenomics.

The Coming Battle of Digital Currencies

The SC Johnson College of Business Applied Economics and Policy Working Paper Series No. 2022-04
Number of pages: 82 Posted: 27 Dec 2021 Last Revised: 11 Sep 2022
Lin William Cong and Simon Mayer
Cornell University - Samuel Curtis Johnson Graduate School of Management and Carnegie Mellon University
Downloads 207 (243,395)
Citation 4

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CBDC, Cryptocurrency, Currency Competition, Digitization, Dollarization, Money, Stablecoin, Tokenomics

30.

RIM-based Value Premium and Factor Pricing Using Value-Price Divergence

Downloads 787 (53,398)

RIM-based Value Premium and Factor Pricing Using Value-Price Divergence

Number of pages: 72 Posted: 01 Mar 2017 Last Revised: 10 Jan 2023
Lin William Cong, Nathan George and Guojun Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and Shanghai Normal University
Downloads 774 (53,839)

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Asset Pricing, Factor Models, Mispricing, RIM, Value Premium.

Rim-Based Value Premium and Factor Pricing Using Value-Price Divergence

NBER Working Paper No. w30967
Number of pages: 68 Posted: 20 Feb 2023 Last Revised: 12 Apr 2023
Lin William Cong, Nathan George and Guojun Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of California, Berkeley and Shanghai Normal University
Downloads 13 (951,220)
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31.

A Model of Influencer Economy

Downloads 735 (58,553)
Citation 2

A Model of Influencer Economy

Number of pages: 44 Posted: 07 Dec 2021 Last Revised: 07 May 2023
Lin William Cong and Siguang Li
Cornell University - Samuel Curtis Johnson Graduate School of Management and Hong Kong University of Science and Technology, Guangzhou Campus, Society Hub
Downloads 498 (94,654)
Citation 1

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Creator Economy, Digital Economy, Influencer Marketing, Industrial Organization, Product Differentiation

A Model of Influencer Economy

Number of pages: 44 Posted: 14 Dec 2021 Last Revised: 08 May 2023
Lin William Cong and Siguang Li
Cornell University - Samuel Curtis Johnson Graduate School of Management and Hong Kong University of Science and Technology, Guangzhou Campus, Society Hub
Downloads 230 (220,302)

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Creator Economy, Digital Economy, Influencer Marketing, Industrial Organization, Product Differentiation

A Model of Influencer Economy

NBER Working Paper No. w31243
Number of pages: 49 Posted: 15 May 2023 Last Revised: 29 May 2023
Lin William Cong and Siguang Li
Cornell University - Samuel Curtis Johnson Graduate School of Management and Hong Kong University of Science and Technology
Downloads 7 (1,012,257)
Citation 1
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32.

Asymmetric Cross-side Network Effects on Financial Platforms：Theory and Evidence from Marketplace Lending

Number of pages: 68 Posted: 04 Oct 2019 Last Revised: 15 Mar 2021
Lin William Cong, Ke Tang, Danxia Xie and Qi Miao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Tsinghua University - Institute of Economics and The Nielsen Company
Downloads 700 (62,464)
Citation 1

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Network Externality; P2P Lending; Platforms; FinTech

33.

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Downloads 659 (67,599)
Citation 3

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Number of pages: 75 Posted: 30 Jun 2022 Last Revised: 06 Dec 2022
Lin William Cong and Simon Mayer
Cornell University - Samuel Curtis Johnson Graduate School of Management and Carnegie Mellon University
Downloads 530 (87,883)

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Data Sharing, Data Trust, Digital Economy, Network Effect, Open Banking, Platform Competition, Privacy

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Number of pages: 75 Posted: 20 Oct 2022 Last Revised: 06 Dec 2022
Lin William Cong and Simon Mayer
Cornell University - Samuel Curtis Johnson Graduate School of Management and Carnegie Mellon University
Downloads 124 (375,543)

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Data Sharing, Data Trust, Digital Economy, GDPR, Network Effect, Open Banking, Privacy

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

NBER Working Paper No. w30881
Number of pages: 76 Posted: 30 Jan 2023 Last Revised: 19 May 2023
Lin William Cong and Simon Mayer
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago
Downloads 5 (1,030,337)
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34.

Blockchain Forensics and Crypto-Related Cybercrimes

Number of pages: 115 Posted: 16 Feb 2023 Last Revised: 25 May 2023
Lin William Cong, Kimberly Grauer, Daniel Rabetti and Henry Updegrave
Cornell University - Samuel Curtis Johnson Graduate School of Management, Chainalysis, National University of Singapore (NUS) and Chainalysis
Downloads 636 (70,622)

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Cryptocurrencies, Cybercrime, Blockchain Forensics, Network Security, Crypto Regulation

35.

Endogenous Growth Under Multiple Uses of Data

Downloads 430 (113,868)
Citation 4

Endogenous Growth Under Multiple Uses of Data

Journal of Economic Dynamics and Control, 2022
Number of pages: 55 Posted: 27 Aug 2021 Last Revised: 15 Feb 2023
Lin William Cong, Wenshi Wei, Danxia Xie and Longtian Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Tsinghua University - Institute of Economics, Tsinghua University - Institute of Economics and Central University of Finance and Economics
Downloads 414 (117,873)

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Big Data, Endogenous Growth, Innovation, Nonrivalry, Privacy

Endogenous Growth under Multiple Uses of Data

Journal of Economic Dynamics and Control, 2022
Number of pages: 55 Posted: 07 Jan 2023
Lin William Cong, Wenshi Wei, Danxia Xie and Longtian Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Tsinghua University - Institute of Economics, Tsinghua University - Institute of Economics and Central University of Finance and Economics
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Big Data, Endogenous Growth, Innovation, Nonrivalry, Privacy

36.

Uncommon Factors and Asset Heterogeneity in the Cross Section and Time Series

Number of pages: 55 Posted: 29 Sep 2022 Last Revised: 26 Jun 2023
Lin William Cong, Guanhao Feng, Jingyu He and Junye Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, City University of Hong Kong (CityU), City University of Hong Kong (CityU) and Fudan University - School of Management
Downloads 398 (124,589)

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Decision Tree, Bayesian Spike-and-Slab, Factor Selection, Heterogeneity, Structural Breaks.

37.

The Rise of E-Wallets and Buy-Now-Pay-Later: Payment Competition, Credit Expansion, and Consumer Behavior

Number of pages: 56 Posted: 13 Apr 2023 Last Revised: 15 Jun 2023
Wenlong Bian, Lin William Cong and Yang Ji
Sungkyunkwan University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Business School, Sun Yat-sen University
Downloads 364 (137,769)

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Cashless, Consumer Credit, FinTech, Financial Inclusion, Mobile Wallet

38.

An AI-assisted Economic Model of Endogenous Mobility and Infectious Diseases: The Case of COVID-19 in the United States

Number of pages: 31 Posted: 13 Aug 2021 Last Revised: 01 Sep 2021
Lin William Cong, Ke Tang, Bing Wang and Jingyuan Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Beihang University (BUAA) and Beihang University (BUAA)
Downloads 341 (147,913)

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AI, Mitigation, Pandemic, SIR

39.

Scaling Smart Contracts via Layer-2 Technologies: Some Empirical Evidence

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Scaling Smart Contracts via Layer-2 Technologies: Some Empirical Evidence

Number of pages: 22 Posted: 04 Jan 2023 Last Revised: 30 May 2023
Lin William Cong, Xiang Hui, Catherine E. Tucker and Luofeng Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management, Washington University in St. Louis - John M. Olin Business School, Massachusetts Institute of Technology (MIT) - Management Science (MS) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 321 (156,731)

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Blockchain, Information Aggregation, Oracle Networks, Scaling, Smart Contracts

Scaling Smart Contracts Via Layer-2 Technologies: Some Empirical Evidence

NBER Working Paper No. w30912
Number of pages: 22 Posted: 06 Feb 2023 Last Revised: 12 Apr 2023
Lin William Cong, Xiang Hui, Catherine E. Tucker and Luofeng Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management, Washington University in St. Louis, Massachusetts Institute of Technology (MIT) - Management Science (MS) and Columbia University
Downloads 6 (1,021,486)
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40.

Financial and Informational Integration Through Oracle Networks

Number of pages: 46 Posted: 10 Jul 2023 Last Revised: 19 Sep 2023
Lin William Cong, Eswar S. Prasad and Daniel Rabetti
Cornell University - Samuel Curtis Johnson Graduate School of Management, Cornell University - Dyson School of Applied Economics and Management and National University of Singapore (NUS)
Downloads 253 (201,452)

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DeFi, blockchain, smart contracts, interoperability, information aggregation, globalization, international economics, risk-sharing, financial crisis

41.

SMEs Amidst the Pandemic and Reopening: Digital Edge and Transformation

Forthcoming, The SC Johnson College of Business Applied Economics and Policy Working Paper Series No.
Number of pages: 85 Posted: 20 Jan 2022 Last Revised: 04 Aug 2023
Lin William Cong, Xiaohan Yang and Xiaobo Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Peking University and Guanghua School of Management
Downloads 240 (212,053)
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COVID-19, Digital Economy, E-Commerce

42.

Production, Trade, and Cross-Border Data Flows

Downloads 209 (241,771)

Production, Trade, and Cross-Border Data Flows

Number of pages: 47 Posted: 08 Oct 2022 Last Revised: 24 Jun 2023
Qing Chang, Lin William Cong, Liyong Wang and Longtian Zhang
Central University of Finance and Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management, Central University of Finance and Economics and Central University of Finance and Economics
Downloads 198 (253,645)

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Data Economy, General Equilibrium, International Trade, Transition Dynamics

Production, Trade, and Cross-Border Data Flows

NBER Working Paper No. w31416
Number of pages: 48 Posted: 03 Jul 2023 Last Revised: 17 Jul 2023
Qing Chang, Lin William Cong, Liyong Wang and Longtian Zhang
Central University of Finance and Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management, Central University of Finance and Economics and Central University of Finance and Economics
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43.

Sparse Modeling Under Grouped Heterogeneity with an Application to Asset Pricing

Downloads 154 (315,936)

Sparse Modeling Under Grouped Heterogeneity with an Application to Asset Pricing

Number of pages: 48 Posted: 24 Jul 2023 Last Revised: 06 Sep 2023
Lin William Cong, Guanhao Feng, Jingyu He and Junye Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, City University of Hong Kong (CityU), City University of Hong Kong (CityU) and Fudan University - School of Management
Downloads 144 (334,238)

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Asset Pricing, Bayesian Estimation, Clustering Tree, Factors, Heterogeneity, Panel Data, Sparsity, Spike-and-Slab, Structural Breaks

Sparse Modeling Under Grouped Heterogeneity with an Application to Asset Pricing

NBER Working Paper No. w31424
Number of pages: 49 Posted: 24 Jul 2023
Lin William Cong, Guanhao Feng, Jingyu He and Junye Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, City University of Hong Kong (CityU), City University of Hong Kong (CityU) and Fudan University - School of Management
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44.

Market Integration, Risk-Taking, and Income Inequality

Number of pages: 33 Posted: 25 Jul 2023 Last Revised: 01 Aug 2023
Lin William Cong, Ron Kaniel and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Rochester - Simon Business School and The Chinese University of Hong Kong (CUHK)
Downloads 91 (464,350)

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Entrepreneurship, (De)Globalization, Relative Wealth

45.

Inflation Expectation and Cryptocurrency Investment

Number of pages: 30 Posted: 24 Aug 2023
Lin William Cong, Pulak Ghosh, Jiasun Li and Qihong Ruan
Cornell University - Samuel Curtis Johnson Graduate School of Management, Indian Institute of Management (IIMB), Bangalore, George Mason University - Department of Finance and Cornell University, Ithaca, New York
Downloads 85 (487,907)

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Inflation Hedge, Expectations, Survey Data, Cryptocurrency, FinTech

46.

Crypto Wash Trading - Online Appendices

Number of pages: 66 Posted: 14 Aug 2023
Lin William Cong, Xi Li, Ke Tang and Yang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Reading - Henley Business School,, Institute of Economics, School of Social Sciences, Tsinghua University and University of Bristol - Department of Computer Science
Downloads 39 (703,875)

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Bitcoin, CeFi, Cryptocurrency, Forensic Finance, Fraud Detection, Regulation

47.

Common Sense Recommendations for the Application of Tax Law to Digital Assets

Number of pages: 18
Linda M. Beale, Jeremy Bearer-Friend, Jennifer Bird-Pollan, Samuel D. Brunson, Luís Calderón Gómez, Bryan Camp, Adam Chodorow, Mark Cochran, Lin William Cong, Matthew Foreman, Phil Gaudiano, I. Richard Gershon, Nathan C. Goldman, Jillian Grennan, Megan Justice, Young Ran (Christine) Kim, Herbert I. Lazerow, Tao Li, Lawrence Lokken, Omri Y. Marian, Orly Mazur, Stephanie Hunter McMahon, Tyler Menzer, Matt Metras, Ann M. Murphy, Henry Ordower, Amanda Parsons, Daniel Rabetti, Alex Raskolnikov, Tracey M. Roberts, Kerry A. Ryan and Edward A. Zelinsky
Wayne State University Law School, George Washington University Law School, University of Kentucky J. David Rosenberg College of Law, Loyola University Chicago School of Law, Yeshiva University - Benjamin N. Cardozo School of Law, Texas Tech University School of Law, Arizona State University (ASU) - Sandra Day O'Connor College of Law, St. Mary's University School of Law, Cornell University - Samuel Curtis Johnson Graduate School of Management, Falcon Rappaport & Berkman LLP, Polygon Advisory Group, University of Mississippi - School of Law, North Carolina State University - Department of Accounting, University of California, Berkeley, Haas School of Business, Institue for Business and Social Impact, Crayon Advisory, LLC, Yeshiva University - Benjamin N. Cardozo School of Law, University of San Diego School of Law, University of Florida - Department of Finance, Insurance and Real Estate, University of Florida College of Law, University of California, Irvine School of Law, Southern Methodist University - Dedman School of Law, University of Cincinnati - College of Law, University of Iowa, MDM Financial Services, Gonzaga University - School of Law, Saint Louis University - School of Law, University of Colorado Law School, National University of Singapore (NUS), Columbia University - Law School, Samford University, Cumberland School of Law, Saint Louis University School of Law and Yeshiva University - Benjamin N. Cardozo School of Law
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Digital Assets, Public Policy, Joint Committee on Taxation, Tax, Law, Internal Revenue Service, Cryptocurrency

48.

The Rise of E-Wallets and Buy-Now-Pay-Later: Payment Competition, Credit Expansion, and Consumer Behavior

NBER Working Paper No. w31202
Number of pages: 56 Posted: 16 May 2023 Last Revised: 29 May 2023
Wenlong Bian, Lin William Cong and Yang Ji
Sungkyunkwan University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Business School, Sun Yat-sen University
Downloads 10 (948,005)
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49.

Web3 Reputation: Introducing Dynamic Incentives into Distributed Networks

Posted: 14 Aug 2023
Lin William Cong and Luofeng Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management and New York University (NYU) - Leonard N. Stern School of Business

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Decentralized Identity, Blockchain, Dynamic Incentive

50.

Deep Sequence Modeling: Development and Applications in Asset Pricing

The Journal of Financial Data Science Winter 2021, jfds.2020.1.053; DOI: https://doi.org/10.3905/jfds.2020.1.053
Posted: 12 Aug 2020
Lin William Cong, Ke Tang, Jingyuan Wang and Yang Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Beihang University (BUAA) and Beihang University (BUAA)

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Artificial Intelligence, Asset Pricing, Machine Learning, Risk Premia, Time Series