College Tuition and Income Inequality [Slides][Paper][Publisher Site] Cai, Zhifeng, and Jonathan Heathcote. 2022.American Economic Review, 112 (1): 81-121.
Secular Stagnation, Financial Frictions, and Land Prices [Slides][Paper][Publisher Site] Cai, Zhifeng. 2021.Journal of Monetary Economics, 124: 66-90.
A Model of Secular Migration from Centralized to Decentralized Trade [Paper][Publisher Site] Cai, Zhifeng, and Feng Dong. 2021. Economic Theory, 72: 201-244
Dynamic Information Acquisition and Time-Varying Uncertainty [Paper][Publisher Site][Appendix] Cai, Zhifen. 2019. Journal of Economic Theory, 184: 104947
Working Papers Public Disclosure and Private Information Acquisition: A Global Game Approach [Paper] New version! With Feng Dong R&R at Journal of Economic Theory
Works in Progress College Reputation and Efficient Admission Policies With Jonathan Heathcote
Older Working Papers How do Financial Frictions affect Self-financing Firms? [Paper] with Kai Ding
Dynamic Information Acquisition, Complementarity, and Liquidity
