Research

Working Papers

1. Reputation and Fragility (with Yuki Sato and Raluca Toma [link], last updated Nov 2024)
2. Toxicity-Competitiveness Tradeoff in Concentrated Liquidity Provision (with Wang-Hei Ip, Kohei Kawaguchi, Wataru Kuramoto, and Shinya Tsuchida [link], last updated April 2024) 
3. Competing DAOs (with Y. Ito [link], last updated March 2023), awarded Hong Kong ECS Grant 2023
4. Liquidity Provision by Automated Market Makers ([link], last updated April 2023)
5. Endogenously Slow Markets and Its Crowding-in Effect on Speed Acquisition, (Job Market Paper in 2021 [link], last updated June 2024)
6. Quality Certification and Market Transparency with Decentralized Information Management, (with D. Adachi [SSRN link], last updated Dec 2020)

Published and Accepted Papers