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Luyao Zhang

Assistant Professor of Economics at Duke Kunshan University
DKU Faculty

Scholarly Works - Journal articles


A Data Engineering Framework for Ethereum Beacon Chain Rewards: From Data Collection to Decentralization Metrics.

Journal article Scientific data · March 2025 Ethereum, one of the leading smart contract blockchain platforms, currently operates on a Proof-of-Stake (PoS) consensus mechanism designed to secure the network while incentivizing desired validator behaviors. Despite blockchain technology's promise of de ... Full text Cite

A dataset of Uniswap daily transaction indices by network.

Journal article Scientific data · January 2025 Decentralized Finance (DeFi) is reshaping traditional finance by enabling direct transactions without intermediaries, creating a rich source of open financial data. Layer 2 (L2) solutions are emerging to enhance the scalability and efficiency of the DeFi e ... Full text Cite

”Centralized or Decentralized?”: Concerns and Value Judgments of Stakeholders in the Non-Fungible Tokens (NFTs) Market

Journal article Proceedings of the ACM on Human Computer Interaction · April 23, 2024 Non-fungible tokens (NFTs) are decentralized digital tokens to represent the unique ownership of items. Recently, NFTs have been gaining popularity and at the same time bringing up issues, such as scams, racism, and sexism. Decentralization, a key attribut ... Full text Cite

Educational Game on Cryptocurrency Investment: Using Microeconomic Decision-Making to Understand Macroeconomics Principles

Journal article Eastern Economic Journal · April 1, 2023 Gamification is an effective strategy for motivating and engaging users, which is grounded in business, marketing, and management by designing games in nongame contexts. Gamifying education, which consists of the design and study of educational games, is a ... Full text Cite

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

Deciphering Bitcoin Blockchain Data by Cohort Analysis.

Journal article Scientific data · April 2022 Bitcoin is a peer-to-peer electronic payment system that has rapidly grown in popularity in recent years. Usually, the complete history of Bitcoin blockchain data must be queried to acquire variables with economic meaning. This task has recently become inc ... Full text Cite

Individualism Versus Collectivism and the Early-Stage Transmission of COVID-19.

Journal article Social indicators research · January 2022 We propose a perspective based on the individualism versus collectivism (IC) cultural distinction to understand the diverging early-stage transmission outcomes of COVID-19 between countries. Since individualism values personal freedom, people in such cultu ... Full text 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

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 robust mechanism design: An axiomatic approach

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