Hello!
I’m a Ph.D. candidate in Agricultural & Applied Economics at the University of Wisconsin-Madison.
I am on the 2025-2026 job market.
Research Interests
Macroeconomics, Financial and Monetary Economics, Market Microstructure
Email: zqiao7@wisc.edu
Dissertation: Three Chapters on Markets with Frictions
- Market Liquidity and Inventory Cycles (job market paper)
- Price Commitment, Reputation and Bargaining in Bilateral Trade
- Markup Composition in the Presence of Competition and Frictions
Working Paper
- Intermediation with Imperfect Credit, with Grace Xun Gong, Yuet-Yee Wong and Randall Wright (under review)
Peer-reviewed Publications
-
Revisiting the Rubinstein-Wolinsky Model of Middlemen, with Grace Xun Gong and Randall Wright, Journal of Economic Behavior & Organization, Vol. 240 (2025), 107345. [WP version]
-
Middlemen in Search Equilibrium: A Survey, with Grace Xun Gong and Randall Wright, Elements in Money and Banking, edited by Chao Gu and Joseph Haslag, Cambridge University Press (forthcoming) [NBER w34477] [online bibliography]
Work in Progress
-
Pricing and Matching with Frictions and Heterogeneity, with Peter Norman and Randall Wright
-
Open Banking: Inclusion, Pricing and Efficiency, with Yuteng Cheng and Kee-Youn Kang