Yan Ji

Hong Kong University of Science & Technology (HKUST)

Clearwater Bay

Kowloon, 999999

Hong Kong

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 7,088

SSRN RANKINGS

Top 7,088

in Total Papers Downloads

12,808

TOTAL CITATIONS
Rank 7,933

SSRN RANKINGS

Top 7,933

in Total Papers Citations

127

Scholarly Papers (25)

1.

AI-Powered Trading, Algorithmic Collusion, and Price Efficiency

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper , The Wharton School Research Paper
Number of pages: 59 Posted: 23 May 2023 Last Revised: 08 Jul 2024
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School - Finance Department and Hong Kong University of Science & Technology (HKUST)
Downloads 3,842 (6,062)
Citation 4

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Reinforcement learning, AI collusion, Homogenization, Experience-based and self-confirming equilibrium, Asymmetric information, Price informativeness, Market liquidity. (JEL Classification: D43, G10, G14, L13)

2.
Downloads 1,524 (26,190)
Citation 16

Feedback and Contagion through Distressed Competition

Journal of Finance
Number of pages: 60 Posted: 05 Feb 2020 Last Revised: 09 Jan 2024
Massachusetts Institute of Technology, University of Pennsylvania - The Wharton School, The University of Hong Kong - University of Hong Kong and Hong Kong University of Science & Technology (HKUST)
Downloads 1,504 (26,231)
Citation 6

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Competition-distress feedback loop, Distress spillover, Predatory pricing, Price war, Profitability-leverage puzzle, Collusion.

Feedback and Contagion Through Distressed Competition

NBER Working Paper No. w30841
Number of pages: 61 Posted: 16 Jan 2023 Last Revised: 14 Apr 2023
Massachusetts Institute of Technology, University of Pennsylvania - The Wharton School, The University of Hong Kong - University of Hong Kong and Hong Kong University of Science & Technology (HKUST)
Downloads 20 (1,136,005)
Citation 10

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3.
Downloads 1,446 (28,330)
Citation 2

Misallocation and Asset Prices

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 43 Posted: 10 Apr 2020 Last Revised: 03 Jan 2025
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 1,441 (27,994)
Citation 1

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Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations JEL Classification: L11

Misallocation and Asset Prices

NBER Working Paper No. w32147
Number of pages: 44 Posted: 20 Feb 2024
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 5 (1,326,288)
Citation 1
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4.

Competition, Profitability, and Discount Rates

Journal of Financial Economics (JFE), Forthcoming, The Rodney L. White Center Working Papers Series at the Wharton School, The Jacobs Levy Equity Management Center for Quantitative Financial Research Working Papers Series, Mays Business School Research Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 74 Posted: 14 Jan 2019 Last Revised: 28 Jun 2021
Winston Wei Dou, Yan Ji and Wei Wu
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST) and Texas A&M University
Downloads 1,151 (39,524)
Citation 8

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Product-market structure, Oligopoly, Profitability premium, Leadership persistence, Tariff shocks, Price Wars.

5.

Inalienable Customer Capital, Corporate Liquidity, and Stock Returns

Journal of Finance, 2021, Vol. 76, No.1, 211-265, The Rodney L. White Center Working Papers Series at the Wharton School, Mays Business School Research Paper No. 3187850, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 78 Posted: 15 Jun 2018 Last Revised: 17 Feb 2021
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), University of Pennsylvania - The Wharton School and Texas A&M University
Downloads 831 (62,368)
Citation 11

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Brand loyalty, Financial constraints risk, Inalienable human capital, Talent turnover, Marketing

6.

The Oligopoly Lucas Tree

Review of Financial Studies, Forthcoming
Number of pages: 76 Posted: 26 May 2020 Last Revised: 03 Nov 2021
Winston Wei Dou, Yan Ji and Wei Wu
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST) and Texas A&M University
Downloads 647 (86,316)
Citation 22

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Endogenous competition, Strategic rivalry, Value premium, Gross profitability premium, External habit formation.

7.

External Financing and Customer Capital: A Financial Theory of Markups

Management Science, Forthcoming
Number of pages: 49 Posted: 08 Mar 2015 Last Revised: 12 May 2020
Winston Wei Dou and Yan Ji
University of Pennsylvania - The Wharton School and Hong Kong University of Science & Technology (HKUST)
Downloads 563 (103,065)
Citation 25

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Markups, Customer base, External financing costs, Monopolistic competition, Corporate liquidity, Industry dynamics.

8.

Job Search under Debt: Aggregate Implications of Student Loans

Journal of Monetary Economics, forthcoming
Number of pages: 40 Posted: 31 May 2017 Last Revised: 07 May 2020
Yan Ji
Hong Kong University of Science & Technology (HKUST)
Downloads 325 (194,927)
Citation 18

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student loan debt, search frictions, reservation wage, risk and liquidity, income-based repayment plan.

Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality

HKUST Business School Research Paper No. 2021-009 (also appears in Emerging Finance and Financial Practices eJournal)
Number of pages: 61 Posted: 09 Mar 2021 Last Revised: 03 Oct 2023
Hong Kong University of Science & Technology (HKUST), Yale University, Department of Economics and Massachusetts Institute of Technology (MIT)
Downloads 207 (305,603)
Citation 1

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financial inclusion, spatial equilibrium, regional heterogeneity, growth and inequality, transitional dynamics

Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality

NBER Working Paper No. w28582
Number of pages: 62 Posted: 22 Mar 2021 Last Revised: 05 Feb 2023
Hong Kong University of Science & Technology (HKUST), Yale University, Department of Economics and Massachusetts Institute of Technology (MIT)
Downloads 51 (819,459)

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10.

Supplement to 'Inalienable Customer Capital, Corporate Liquidity, and Stock Returns'

Journal of Finance, Forthcoming
Number of pages: 38 Posted: 17 Oct 2019 Last Revised: 18 Dec 2022
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), University of Pennsylvania - The Wharton School and Texas A&M University
Downloads 229 (278,789)

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Brand loyalty; Financial constraints risk; Inalienable human capital; Talent turnover; Marketing

11.

Online Appendix for 'Competition, Profitability, and Discount Rates'

Number of pages: 31 Posted: 21 Sep 2019 Last Revised: 24 Apr 2020
Winston Wei Dou, Yan Ji and Wei Wu
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST) and Texas A&M University
Downloads 218 (292,260)
Citation 1

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Product-market structure, Oligopoly, Profitability premium, Leadership persistence, Tariff shocks, Price Wars.

12.

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy

IMF Working Paper No. 15/22
Number of pages: 50 Posted: 23 Feb 2015
International Monetary Fund (IMF), Hong Kong University of Science & Technology (HKUST), International Monetary Fund (IMF) - Research Department and Massachusetts Institute of Technology (MIT)
Downloads 213 (298,729)

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Financial services, Income inequality, Gross domestic product, Income distribution, Low-income developing countries, Emerging markets, General equilibrium models, Financial inclusion, hetergenous agents., credit, gdp, wealth, costs, economy, savings, choice, capital, utility, development, interest, moral hazard, production, wages, consumption, investment, interest rate, asymmetric information, interest rates, gdp per capita, financial sector, welfare, trade, utility function, economic growth, regression analysis, distribution of wealth, variables, total factor productivity, inefficiency, macroeconomic analyses, diminishing returns to scale, m2, production function, expected utility, risk neu

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income

Journal of Monetary Economics, Forthcoming
Number of pages: 42 Posted: 07 Dec 2019 Last Revised: 04 Feb 2020
International Monetary Fund (IMF), Hong Kong University of Science & Technology (HKUST), Massachusetts Institute of Technology (MIT) and International Monetary Fund (IMF) - Research Department
Downloads 144 (422,406)
Citation 2

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Financial Frictions, Occupational Choice, Income Distribution, Welfare, Transitional Dynamics

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income

NBER Working Paper No. w20821
Number of pages: 70 Posted: 12 Jan 2015 Last Revised: 24 May 2023
International Monetary Fund (IMF), Hong Kong University of Science & Technology (HKUST), Massachusetts Institute of Technology (MIT) and International Monetary Fund (IMF) - Research Department
Downloads 56 (783,477)
Citation 12

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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality

CEPR Discussion Paper No. DP11742
Number of pages: 66 Posted: 09 Jan 2017
International Monetary Fund (IMF), Hong Kong University of Science & Technology (HKUST), Massachusetts Institute of Technology (MIT) and International Monetary Fund (IMF) - Research Department
Downloads 6 (1,317,505)
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14.

Industry Distress Anomaly

The Wharton School Research Paper
Number of pages: 62 Posted: 26 Mar 2024
Massachusetts Institute of Technology, University of Pennsylvania - The Wharton School, The University of Hong Kong - University of Hong Kong and Hong Kong University of Science & Technology (HKUST)
Downloads 191 (330,649)

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Stock and Bond Returns, Supergames, Tacit Collusion, Financial Distress Anomaly (JEL: G12, L13, O33, C73)

15.

Internet Appendix for "AI-Powered Trading, Algorithmic Collusion, and Price Efficiency"

The Wharton School Research Paper
Number of pages: 51 Posted: 07 May 2024
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School - Finance Department and Hong Kong University of Science & Technology (HKUST)
Downloads 161 (384,553)

Abstract:

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Reinforcement learning, AI collusion, Homogenization, Experience-based and self-confirming equilibrium, Asymmetric information, Price informativeness, Market liquidity. (JEL Classification: D43, G10, G14, L13)

16.

Internet Appendix for 'The Oligopoly Lucas Tree'

Review of Financial Studies, Forthcoming
Number of pages: 49 Posted: 28 Sep 2020 Last Revised: 03 Nov 2021
Winston Wei Dou, Yan Ji and Wei Wu
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST) and Texas A&M University
Downloads 152 (403,792)
Citation 3

Abstract:

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Endogenous competition, Strategic rivalry, Value premium, Gross profitability premium, External habit formation.

17.

Internet Appendix for 'Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality'

HKUST Business School Research Paper No. 2021-010
Number of pages: 129 Posted: 22 Mar 2021 Last Revised: 08 Nov 2022
Hong Kong University of Science & Technology (HKUST), Yale University, Department of Economics and Massachusetts Institute of Technology (MIT)
Downloads 145 (419,457)

Abstract:

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financial inclusion, spatial equilibrium, regional heterogeneity, growth and inequality, transitional dynamics

18.

Supplement to 'Job Search under Debt: Aggregate Implications of Student Loans'

Number of pages: 65 Posted: 03 Mar 2020 Last Revised: 04 May 2020
Yan Ji
Hong Kong University of Science & Technology (HKUST)
Downloads 135 (443,910)

Abstract:

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student loan debt, search friction, reservation wage, risk and liquidity, income-based repayment plan

19.

Online Appendix for 'Feedback and Contagion through Distressed Competition'

Number of pages: 33 Posted: 27 Jul 2020 Last Revised: 18 Aug 2023
Massachusetts Institute of Technology, University of Pennsylvania - The Wharton School, The University of Hong Kong - University of Hong Kong and Hong Kong University of Science & Technology (HKUST)
Downloads 117 (496,297)
Citation 1

Abstract:

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Competition-distress feedback loop, Distress spillover, Predatory pricing, Price war, Profitability-leverage puzzle, Collusion

20.

Supplement to 'Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income'

Journal of Monetary Economics, Forthcoming
Number of pages: 33 Posted: 29 Jan 2020
International Monetary Fund (IMF), Hong Kong University of Science & Technology (HKUST), Massachusetts Institute of Technology (MIT) and International Monetary Fund (IMF) - Research Department
Downloads 99 (560,481)

Abstract:

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Financial Frictions, Occupational Choice, Income Distribution, Welfare, Transitional Dynamics

21.

Internet Appendix for "Misallocation and Asset Prices"

Number of pages: 30 Posted: 28 Nov 2023 Last Revised: 03 Jan 2025
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 92 (587,291)
Citation 1

Abstract:

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Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations.

22.

Online Appendix for 'External Financing and Customer Capital: A Financial Theory of Markups'

Number of pages: 14 Posted: 14 Sep 2020
Winston Wei Dou and Yan Ji
University of Pennsylvania - The Wharton School and Hong Kong University of Science & Technology (HKUST)
Downloads 86 (612,129)

Abstract:

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Markups, Customer base, External financing costs, Monopolistic competition, Corporate liquidity, Industry dynamics

23.

A Note on Additional Materials for "Misallocation and Asset Prices"

The Wharton School Research Paper
Number of pages: 17 Posted: 27 Nov 2023 Last Revised: 06 Jan 2025
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 67 (702,583)

Abstract:

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Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations.

24.

Internet Appendix for "Industry Distress Anomaly"

Number of pages: 21 Posted: 26 Mar 2024
Massachusetts Institute of Technology, University of Pennsylvania - The Wharton School, The University of Hong Kong - University of Hong Kong and Hong Kong University of Science & Technology (HKUST)
Downloads 62 (730,757)

Abstract:

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Stock and Bond Returns, Supergames, Tacit Collusion, Financial Distress Anomaly

25.

A Note on Additional Materials for 'Feedback and Contagion Through Distressed Competition'

Number of pages: 21 Posted: 31 Aug 2023 Last Revised: 22 Feb 2024
Massachusetts Institute of Technology, University of Pennsylvania - The Wharton School, The University of Hong Kong - University of Hong Kong and Hong Kong University of Science & Technology (HKUST)
Downloads 48 (823,441)

Abstract:

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Competition-distress feedback loop, Distress spillover, Predatory pricing, Price war, Profitability-leverage puzzle, Collusion