Some New Characterizations of Top Trading Cycles
Chen, Y., Jiao, Z., Zhang, C., and Zhang, L. (2025). "Some New Characterizations of Top Trading Cycles." Journal of Mathematical Economics, 121, 103190.
Education
- 2017 – 2025: Ph.D. in Economics, Shanghai University of Finance and Economics (SUFE)
- Thesis: “Essays on Dynamic Stability in Matching Models”
- Supervisor: Sambuddha Ghosh
- 2013 – 2016: M.Sc. in Econometrics, Shanghai University of International Business and Economics
- 2008 – 2012: B.S. in Psychology (Major), Economics (Minor), Yanbian University
Employment
- 2025.9 – present: Postdoctoral Researcher
- Center for Economic Research, Shandong University
- 2023.9 – 2025.6: Research Assistant for Qianfeng Tang
- School of Economics, SUFE
- 2018.9 – 2020.6: Teaching Assistant for Quan Wen, Seokjong Ryu, and Cuihong Fan
- School of Economics, SUFE
- 2016.4 – 2017.4: Junior Research Fellow
- Shanghai Hundsun JuYuan Data Service Co., Ltd.
- 2015.5 – 2015.8: Credit Risk Management Intern
- BASF (China) Co., Ltd.
- 2012.9 – 2013.9: Matchmaking Customer Service Representative
- Shenzhen Zhenai Network Information Technology Co., Ltd.
Skills
- Languages: English, Mandarin Chinese
- Computers: LaTeX, MySQL, Stata, Mathematica
- Qualification: Psychological Counselor (Level 3)
Publications
The Properness of Weak Stability Notions
Zhang, L. (2025). "The Properness of Weak Stability Notions." Economics Letters, 247, 112163.
Working Papers
- “Nash Implementation of Dynamic Matching Rules,” 2026. Revise and resubmit at Mathematical Social Sciences.
- “School choice with positional preferences,” with G. Fu, X. Lang, and J. Zheng, 2026. Revise and resubmit at Games and Economic Behavior.
- “Multi-period Matching with Externalities,” with S. Ghosh, 2025.
- “Instantaneous Stability and the Dynamic Matchmaker Game,” with S. Ghosh, 2023.
- “Strategic Commitment and Legal Enforcement in Dynamic Matching,” with J. Zheng, 2026.
- “Dynamic Matching with Commitments,” with M. Zhang and J. Zheng, 2026.
Conference Presentations
Instantaneous Stability and the Dynamic Matchmaker Game
Conference presentation at CAU International Conference on Advances in Economic Research, Chung-Ang University, Seoul, South Korea
Instantaneous Stability and the Dynamic Matchmaker Game
Conference presentation at 7th Symposium on Neuroeconomic Theory and the Annual Conference of the China Society for Game Theory and Experimental Economics, Shandong University (SDU), Jinan, China
Strategic Commitment and Legal Enforcement in Dynamic Matching
Forum presentation at PhD (Postdoctoral) and Young Scholars Forum in Theoretical and Applied Economics, Shanghai University of International Business and Economics (SUIBE), Shanghai, China
Strategic Commitment and Legal Enforcement in Dynamic Matching
Conference presentation at 23rd Forum on Law and Economics, Shandong University (SDU), Jinan, China
Multi-Period Matching with Externalities
Workshop presentation at 2025 Shanghai Microeconomics Workshop, Shanghai University of Finance and Economics (SUFE), Shanghai, China
Multi-period Matching with Endogenous Commitment
Graduate workshop presentation at CCBEF-IES Graduate Workshop, Southwestern University of Finance and Economics (SWUFE), Chengdu, China
Multi-Period Matching with Externalities
Workshop presentation at 2025 CCBEF-IES Workshop on Theory and Evidence, Southwestern University of Finance and Economics (SWUFE), Chengdu, China
Multiperiod Matching: Non-cooperative Foundations
Forum presentation at PhD (Postdoctoral) and Young Scholars Forum in Applied Economics, Shanghai University of International Business and Economics (SUIBE), Shanghai, China
Noncooperative Foundations of Dynamic Matching
Conference presentation at 2023 Asian Meeting of the Econometric Society (AMES), Nanyang Technological University (NTU), Singapore
Matching with Prudent Players
Workshop presentation at Impromptu Workshop @ CCBEF, Southwestern University of Finance and Economics (SWUFE), Chengdu, China
Teaching
Grants and Funding
- Shandong Postdoctoral Innovation Talent Support Program (Grant No. SDZZ-SH-20201012), 2025.9 – 2027.9
- Project: “Stability–Efficiency Trade-offs in Dynamic Labor Market Matching: The Role of Strategic Commitment and Legal Regulation”
- Role: Principal Investigator
Service and leadership
- Class President, Ph.D. Program in Economics, Shanghai University of Finance and Economics (2018–2020)
- Referee: Journal of Economic Behavior & Organization (JEBO)
Honors and Awards
- Outstanding Student Award, Shanghai University of Finance and Economics