Zhu Wang

Federal Reserve Banks - Federal Reserve Bank of Richmond

P.O. Box 27622

Richmond, VA 23261

United States

  • Federal Reserve Banks - Federal Reserve Bank of Richmond

SCHOLARLY PAPERS

24

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2,439

SSRN CITATIONS
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Top 10,076

in Total Papers Citations

70

CROSSREF CITATIONS

53

Scholarly Papers (24)

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1.

The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and Usage

Downloads 376 (110,455)
Citation 15

The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and Usage

Number of pages: 39 Posted: 20 Dec 2012
James McAndrews and Zhu Wang
Wharton Financial Institutions Center and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 194 (214,857)
Citation 11

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payment card, two-sided market, interchange fee

The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and Usage

Federal Reserve Bank of Kansas City Working Paper No. 08-12
Number of pages: 36 Posted: 31 Jan 2009
James McAndrews and Zhu Wang
Wharton Financial Institutions Center and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 182 (227,330)
Citation 9

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Payment cards, two-sided market, interchange fees

2.

Internet Banking: An Exploration in Technology Diffusion and Impact

Number of pages: 36 Posted: 10 Aug 2013
Richard J. Sullivan and Zhu Wang
Federal Reserve Bank of Kansas City and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 275 (154,077)
Citation 6

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technology diffusion, bank size distribution, Internet banking

3.

Spin-offs: Theory and Evidence from the Early U.S. Automobile Industry

Federal Reserve Bank of Kansas City Working Paper No. 08-15
Number of pages: 31 Posted: 31 Jan 2009 Last Revised: 29 Oct 2014
Luis M. B. Cabral and Zhu Wang
New York University (NYU) - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 203 (206,385)
Citation 2

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Passive learning, entry and exit

4.

Debit Card Interchange Fee Regulation: Some Assessments and Considerations

FRB Economic Quarterly, Vol. 98, No. 3, Third Quarter 2012, pp. 159-183
Number of pages: 24 Posted: 17 May 2013
Zhu Wang
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 173 (237,301)

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5.

Payment Choice and the Future of Currency: Insights from Two Billion Retail Transactions

Number of pages: 50 Posted: 05 Apr 2014 Last Revised: 09 Apr 2014
Zhu Wang and Alexander L. Wolman
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 170 (240,832)
Citation 19

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Payment choice, Money demand, Consumer behavior

6.

Nonbanks and Risk in Retail Payments: EU and US

Number of pages: 49 Posted: 07 Aug 2008
Terri Bradford, Fumiko Hayashi, Christian Hung, Simonetta Rosati, Richard J. Sullivan, Zhu Wang and Stuart E. Weiner
Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, Directorate General Market Infrastructure and Payments, Oversight Division, Federal Reserve Bank of Kansas City, Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Kansas City
Downloads 157 (257,497)
Citation 3

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7.

The Impact of the Durbin Amendment on Merchants: A Survey Study

Number of pages: 26 Posted: 04 Sep 2015
Zhu Wang, Scarlett Schwartz and Neil Mitchell
Federal Reserve Banks - Federal Reserve Bank of Richmond, Independent and Independent
Downloads 134 (291,795)

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8.

Ad-Valorem Platform Fees, Indirect Taxes and Efficient Price Discrimination

Downloads 123 (311,045)
Citation 13

Ad-Valorem Platform Fees, Indirect Taxes and Efficient Price Discrimination

Number of pages: 42 Posted: 20 Dec 2012 Last Revised: 30 Apr 2015
Zhu Wang and Julian Wright
Federal Reserve Banks - Federal Reserve Bank of Richmond and National University of Singapore (NUS) - Department of Economics
Downloads 66 (462,300)
Citation 11

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platforms, proportional fees, price discrimination

Ad-Valorem Platform Fees, Indirect Taxes and Efficient Price Discrimination

Number of pages: 39 Posted: 04 Dec 2012 Last Revised: 02 Jun 2014
Zhu Wang and Julian Wright
Federal Reserve Banks - Federal Reserve Bank of Richmond and National University of Singapore (NUS) - Department of Economics
Downloads 57 (497,614)
Citation 5

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Platforms, Taxation, Ramsey pricing

9.

Technology Adoption and Leapfrogging: Racing for Mobile Payments

Downloads 119 (318,614)

Technology Adoption and Leapfrogging: Racing for Mobile Payments

Number of pages: 51 Posted: 06 Apr 2021 Last Revised: 02 Jun 2022
Pengfei Han and Zhu Wang
Peking University, Guanghua School of Management and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 94 (375,994)

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Technology Adoption, Payments, FinTech, Financial Development

Technology Adoption and Leapfrogging: Racing for Mobile Payments

Number of pages: 52 Posted: 14 May 2021
Zhu Wang and Pengfei Han
Federal Reserve Banks - Federal Reserve Bank of Richmond and Peking University, Guanghua School of Management
Downloads 25 (675,395)

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Technology adoption, Sunk cost, Payment system

10.

Product Innovation and Network Survival in the U.S. ATM and Debit Card Industry

Federal Reserve Bank of Kansas City Working Paper No. 08-14
Number of pages: 31 Posted: 31 Jan 2009 Last Revised: 20 Dec 2013
Fumiko Hayashi and Zhu Wang
Federal Reserve Bank of Kansas City and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 95 (370,420)

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Product innovations, firm survival, shakeout

11.

Network Effects and Geographic Concentration of Industry

NET Institute Working Paper No. 08-14
Number of pages: 23 Posted: 19 Oct 2008
Zhu Wang and Yi Xu
Federal Reserve Banks - Federal Reserve Bank of Richmond and NYU - Department of Economics
Downloads 89 (385,716)

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Spinoff, Entry and Exit, Geography of Industry

12.

Two-Sided Market, R&Amp;D and Payments System Evolution

Downloads 88 (388,437)
Citation 6

Two-Sided Market, R&Amp;D and Payments System Evolution

Number of pages: 50 Posted: 13 Feb 2019 Last Revised: 29 Apr 2020
Bin (Grace) Li, James McAndrews and Zhu Wang
International Monetary Fund, Wharton Financial Institutions Center and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 66 (462,300)
Citation 5

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payment systems, technology adoption, two-sided markets

Two-Sided Market, R&D and Payments System Evolution

IMF Working Paper No. 19/57
Number of pages: 49 Posted: 15 Apr 2019
Bin (Grace) Li, James McAndrews and Zhu Wang
International Monetary Fund, Wharton Financial Institutions Center and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 22 (699,314)

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Income distribution, Consumer credit, Income inequality, Consumer goods, Payment systems, R&D, Technology Adoption, Two-Sided Market, consumer welfare, payment card, consumer income, electronic payment, large merchant

13.

Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

Downloads 84 (399,438)
Citation 5

Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

Number of pages: 41 Posted: 13 Aug 2015
Fumiko Hayashi, Bin (Grace) Li and Zhu Wang
Federal Reserve Bank of Kansas City, International Monetary Fund and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 46 (547,377)

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Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

IMF Working Paper No. 15/192
Number of pages: 43 Posted: 14 Sep 2015
Fumiko Hayashi, Bin (Grace) Li and Zhu Wang
Federal Reserve Bank of Kansas City, International Monetary Fund and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 38 (589,693)
Citation 5

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Innovation, Deregulation, Industry Dynamics, Shakeout, networks, atm, at, technology, it, General,

14.

Why Do Card Issuers Charge Proportional Fees?

Federal Reserve Bank of Kansas City Working Paper No. 08-13
Number of pages: 20 Posted: 31 Jan 2009
Oz Shy and Zhu Wang
Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 64 (463,272)
Citation 1

Abstract:

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Payment cards, proportional and fixed fees, two-sided market

15.

Should Platforms Be Allowed to Charge Ad Valorem Fees?

Downloads 2 (510,339)

Should Platforms Be Allowed to Charge Ad Valorem Fees?

The Journal of Industrial Economics, Vol. 66, Issue 3, pp. 739-760, 2018
Number of pages: 22 Posted: 22 Mar 2019
Zhu Wang and Julian Wright
Federal Reserve Banks - Federal Reserve Bank of Richmond and National University of Singapore (NUS) - Department of Economics
Downloads 2 (897,037)

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16.

Demand Externalitites and Price Cap Regulation: Learning from a Two-Sided Market

FRB Richmond Working Paper No. 13-06
Posted: 25 May 2013
Zhu Wang
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 48 (527,971)
Citation 1

Abstract:

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Price cap regulation, Demand externalities, Two-sided market

17.

Technology Diffusion: The Case of Internet Banking

Number of pages: 22 Posted: 24 Jul 2020
Richard J. Sullivan and Zhu Wang
Federal Reserve Bank of Kansas City and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 45 (541,720)

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Banking, Internet, Technology, Diffusion

18.

Idea Diffusion and Property Rights

Downloads 44 (546,512)

Idea Diffusion and Property Rights

Number of pages: 50 Posted: 02 Oct 2020
Boyan Jovanovic and Zhu Wang
New York University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 43 (562,647)

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Technology, Innovation

Idea Diffusion and Property Rights

NBER Working Paper No. w28019
Number of pages: 51 Posted: 02 Nov 2020 Last Revised: 22 Jan 2022
Boyan Jovanovic and Zhu Wang
New York University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 1 (913,224)
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19.

Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry

Downloads 38 (576,750)
Citation 5

Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry

Number of pages: 40 Posted: 16 Apr 2013 Last Revised: 11 Aug 2015
Luis M. B. Cabral, Zhu Wang and Daniel Yi Xu
New York University (NYU) - Leonard N. Stern School of Business - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Richmond and Duke University
Downloads 22 (699,314)

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local externalities, employee spinouts, industry agglomeration

Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry

NBER Working Paper No. w18973
Number of pages: 40 Posted: 13 Aug 2014 Last Revised: 07 May 2022
Luis M. B. Cabral, Zhu Wang, Zhu Wang and Daniel Yi Xu
New York University (NYU) - Leonard N. Stern School of Business - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of Richmond and Duke University
Downloads 16 (750,318)
Citation 5

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20.

Why Do Platforms Use Ad Valorem Fees? Evaluating Two Alternative Explanations

Number of pages: 19 Posted: 28 Jan 2019 Last Revised: 29 Apr 2020
Zhu Wang
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 31 (616,511)

Abstract:

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ad valorem, transactions

21.

Consumer Payment Choice in the Fifth District: Learning from a Retail Chain

Number of pages: 28 Posted: 18 Feb 2017
Zhu Wang and Alexander L. Wolman
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 27 (642,217)
Citation 1

Abstract:

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payments, consumer behavior

22.

Competitors, Complementors, Parents and Place: Explaining Regional Agglomeration in the U.S. Auto Industry

NYU Working Paper No. 2451/31760
Number of pages: 33 Posted: 12 Apr 2013
Luis M. B. Cabral, Daniel Yi Xu and Zhu Wang
New York University (NYU) - Leonard N. Stern School of Business - Department of Economics, Duke University and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 25 (656,055)

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local externalities; employee spinouts; industry agglomeration

23.

Competitors, Complementors, Parents and Place: Explaining Regional Agglomeration in the U.S. Auto Industry

NYU Working Paper No. 2451/31760
Number of pages: 33 Posted: 24 Apr 2013
Luis M. B. Cabral, Zhu Wang and Daniel Yi Xu
New York University (NYU) - Leonard N. Stern School of Business - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Richmond and Duke University
Downloads 16 (724,964)

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local externalities; employee spinouts; industry agglomeration

24.

The Decline in Currency Use at a National Retail Chain

Number of pages: 25 Posted: 22 Oct 2018 Last Revised: 29 Apr 2020
Zhu Wang and Alexander L. Wolman
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 13 (750,996)

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retail payments, transactions, currency