Scholars@Duke
Luyao Zhang

Luyao Zhang

Assistant Professor of Economics at Duke Kunshan University
DKU Faculty

Featured Works

BRIDGING LEVEL-K TO NASH EQUILIBRIUM

Journal article Review of Economics and Statistics · November 14, 2022 Featured Publication We introduce NLK, a model that connects the Nash equilibrium (NE) and level-k. It allows a player in a game to believe that her opponent may be either less or as sophisticated as she is, a view supported in psychol-ogy. We apply NLK to data from five publi ... Full text Cite

Cryptocurrency Valuation: An Explainable AI Approach

Preprint · January 30, 2022 Featured Publication Full text Link to item Cite

Innovate on the Internet Computer

Book · January 1, 2022 Featured Publication Full text Link to item Cite

Towards a dynamic model of the industrial upgrading with global value chains

Journal article World Economy · September 1, 2021 Featured Publication This research constructs a simple dynamic model to illustrate the micro-mechanism of industrial upgrading along the global value chains. Our model predicts that as firms move up from downstream to upstream stages, (a) there is higher profitability if and o ... Full text Cite

Optimal Algorithmic Monetary Policy

Preprint · April 16, 2021 Featured Publication Link to item Cite

Deciphering Bitcoin Blockchain Data by Cohort Analysis

Preprint · February 27, 2021 Featured Publication Link to item Cite

Taking the pulse of COVID-19: a spatiotemporal perspective

Journal article International Journal of Digital Earth · October 2, 2020 Featured Publication The sudden outbreak of the Coronavirus disease (COVID-19) swept across the world in early 2020, triggering the lockdowns of several billion people across many countries, including China, Spain, India, the U.K., Italy, France, Germany, Brazil, Russia, and t ... Full text Cite

Building an Open Resources Repository for COVID-19 Research

Journal article Data and Information Management · July 9, 2020 Featured Publication AbstractThe COVID-19 outbreak is a global pandemic declared by the World Health Organization, with rapidly increasing cases in most countries. A wide range of research is urgently needed for understanding the COVID-19 pande ... Full text Cite

Spatiotemporal patterns of COVID-19 impact on human activities and environment in Mainland China using nighttime light and air quality data

Journal article Remote Sensing · May 1, 2020 Featured Publication The sudden outbreak of the COVID-19 pandemic has brought drastic changes to people's daily lives, work, and the surrounding environment. Investigations into these changes are very important for decision makers to implement policies on economic loss assessm ... Full text Cite

Bounded Rationality and Mechanism Design

Thesis / Dissertation · December 8, 2018 Featured Publication Mechanism Design Theory, introduced by 2007 Nobel laureates Hurwicz, Maskin, and Myerson, has guided economic institutions worldwide to achieve desirable goals in allocating scarce resources. However, most of the literature on Mechanism Design Theory that ... Link to item Cite

Bounded rationality and robust mechanism design: An axiomatic approach

Journal article American Economic Review · May 1, 2017 Featured Publication Full text Cite