Research Area

• Microeconomic and Game Theory
• Environmental Economics
• Sustainable and Green Finance

Research Interest

Environmental policies change the economic incentives of individual firms and investors. Microeconomic and game theory therefore provide useful frameworks for understanding how individual stakeholders respond to new policy initiatives, and how the optimality of various institutions may depend on the underlying parameters of the market environment. As innovative institutions governing emissions trading and green bonds markets are rapidly developed in different parts of the world, I am interested in learning from their successes or failures. 

Recent Publications

• Chan, Keith Jin Deng and Wan, Wilson Tsz Shing, Swept under the Rug: Distortionary Effect of Carbon Price on Emissions Disclosure Accuracy (April 10, 2023). Available at SSRN: https://ssrn.com/abstract=4400771 or http://dx.doi.org/10.2139/ssrn.4400771
• Chan, Keith Jin Deng and Mok, Lionel Wilson and Lau, Peter Chi Choi, Leakage in the Common Ground: How Misalignment in Sustainable Finance Taxonomies Impacts Cross-Border Capital Flow (March 31, 2023). Available at SSRN: https://ssrn.com/abstract=4398664 or http://dx.doi.org/10.2139/ssrn.4398664
• Chan, Keith Jin Deng and Papyshev, Gleb and Yarime, Masaru, Balancing the Tradeoff between Regulation and Innovation for Artificial Intelligence: An Analysis of Top-down Command and Control and Bottom-up Self-Regulatory Approaches (October 19, 2022). Available at SSRN: https://ssrn.com/abstract=4223016 or http://dx.doi.org/10.2139/ssrn.4223016
• Chan, Keith Jin Deng and Cheung, Bon and Mok, Lionel Wilson, Market Fragmentation or Market Failure? A Dilemma of Harmonizing Green Finance Taxonomy Designs (August 10, 2022). Available at SSRN: https://ssrn.com/abstract=4188304 or http://dx.doi.org/10.2139/ssrn.4188304
• Chan, Keith Jin Deng, Re-trading and Efficient Allocation (April 30, 2022). Available at SSRN: https://ssrn.com/abstract=4098332 or http://dx.doi.org/10.2139/ssrn.4098332
• Chan, Keith Jin Deng, Inefficiency in a Frictionless Market (January 30, 2022). Available at SSRN: https://ssrn.com/abstract=4098263 or http://dx.doi.org/10.2139/ssrn.4098263