2 papers
q-fin.RM2026
Robust Optimal Strategies for Early Liquidation in Financial Systems
Dohyun Ahn, Hongyi Jiang
We study the problem of asset liquidation in financial systems. During financial crises, asset liquidation is often inevitable but can lead to substantial losses if a significant a…
econ.EM2023
Testing Partial Instrument Monotonicity
Hongyi Jiang, Zhenting Sun
When multi-dimensional instruments are used to identify and estimate causal effects, the monotonicity condition may not hold due to heterogeneity in the population. Under a partial…