Zhifeng Cai
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Published/Accepted Papers

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 

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