Publications

Find and Replace: R&D Investment Following the Erosion of Existing Products, Joshua L. Krieger, Xuelin Li, and Richard T. Thakor
Management Science, 68(9), 6552-6571 (September 2022)
Common Ownership and Innovation Efficiency, Xuelin Li, Tong Liu, and Lucian A. Taylor
Journal of Financial Economics, Volume 147, Issue 3, Pages 475-497 (March 2023)
Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes, Cyrus Aghamolla, Pinar Karaca-Mandic, Xuelin Li, and Richard T. Thakor
American Economic Review, Vol. 114, No. 11, pp. 3623–68 (November 2024) Best Paper Award, 2022 Financial Markets and Corporate Governance Conference
Financial Effects of Remote Product Delivery: Evidence from Hospitals, Kimberly Cornaggia, Xuelin Li, and Zihan Ye
Review of Financial Studies, Volume 37, Issue 9, Pages 2817–2854 (September 2024)
Healthcare across Boundaries: Urban-Rural Differences in the Financial and Healthcare Consequences of Telehealth Adoption, Meizi Zhou, Xuelin Li, and Gordon Burtch
Information Systems Research, Vol. 35, No. 3, pp. 1092–1113 (September 2024) Best Paper Award, 19th ZEW Conference on the Economics of Information and Communication Technologies
Aggressive Pivots and Entrepreneurial Skill, Xuelin Li and Martin Szydlowski
American Economic Journal: Micro, Vol. 17, No. 2, pp. 28-65 (May 2025)
Paying off the Competition: Contracting, Market Power, and Innovation Incentives, Xuelin Li, Andrew W. Lo, and Richard T. Thakor
Review of Finance, Special Issue on Finance and Product Markets, Forthcoming
Dynamic Information Design in an Entry Game, Xuelin Li, Martin Szydlowski, and Fangyuan Yu
Journal of Economic Theory, Volume 226 (May 2025)
Appropriated Growth, Yuchen Chen, Xuelin Li, Richard T. Thakor, and Colin Ward
Journal of Financial Economics, Volume 176 (February 2026)

Working Papers

Hedging or Healing: How Business Cycle Exposure Affects the Safety Net, Kimberly Cornaggia, Xuelin Li, and Zihan Ye
How Does VC Engagement Direct Startup Experimentation?, Xuelin Li, Sijie Wang, Jiajie Xu, and Xiang Zheng
The Impact of Manipulated CDS Algorithm on Opioid Prescription Decision, Xuelin Li and Meizi Zhou
Management Science, major revision Best Paper Award, The 14th Annual Conference on Health IT and Analytics (CHITA 2024)
Propagation of the Opioid Epidemic in the Banking Sector, Xuelin Li and Zihan Ye