Lin William Cong (ε’ζ)

Institution
Cornell University
PhD Year
2014
will.cong@cornell.edu
FTG Membership
Member
Website
http://www.linwilliamcong.com
Featured Work
Nov 21, 2024
The Rise of Factor Investing: Asset Market Implications and "Passive" Security Design
We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities (CSs) that facilitate trading the common factors in assets' liquidation values. Through...
Nov 21, 2024
Production, Trade, and Cross-Border Data Flows
We build a tractable general equilibrium model to analyze the effects of cross-border data flows and pre-existing development gaps in data economies on each country's production and international trade. Raw...
Nov 21, 2024
Cournot Competition, Informational Feedback, and Real Efficiency
We revisit the relationship between firm competition and real efficiency in a novel setting with informational feedback from financial markets. While intensified competition can decrease market concentration in production, it...
Nov 21, 2024
Blockchain for Environmental Monitoring: Theory and Empirical Evidence from China
We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework, we find that the concentrations of SO2, NO2, CO in...
Dec 30, 2023
The Tokenomics of Staking
Blockchain-based platforms and decentralized finance prominently features ``staking'': Besides offering a convenience yield for transactions as digital media of exchange, tokens are frequently staked for base-layer consensus generation or for...
Dec 30, 2023
Market Integration, Risk-Taking, and Income Inequality
A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We study a parsimonious general equilibrium model of occupational choice, risk-taking,...
May 22, 2023
A Model of Influencer Economy
With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who care about both common product quality and consumer-influencer interaction. Sellers...
Nov 28, 2022
Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data
We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation and antitrust policies. Data are jointly produced from users' economic...
Nov 28, 2022
The Coming Battle of Digital Currencies
We model the dynamic competition among national fiat currencies, cryptocurrencies, and Central Bank Digital Currencies (CBDCs), whereby countries strategically digitize their currency and launch CBDC in response to competition from...