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

23

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3,235

SSRN CITATIONS
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Top 9,645

in Total Papers Citations

108

CROSSREF CITATIONS

51

Scholarly Papers (23)

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1.

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

Downloads 433 (116,681)
Citation 16

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

FRB Richmond Working Paper No. 12-06
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 220 (237,188)
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 213 (244,495)
Citation 9

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Payment cards, two-sided market, interchange fees

2.

Internet Banking: An Exploration in Technology Diffusion and Impact

FRB Richmond Working Paper No. 13-10
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 330 (158,043)
Citation 7

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technology diffusion, bank size distribution, Internet banking

3.

Technology Adoption and Leapfrogging: Racing for Mobile Payments

Downloads 239 (219,657)

Technology Adoption and Leapfrogging: Racing for Mobile Payments

Number of pages: 70 Posted: 06 Apr 2021 Last Revised: 10 Aug 2023
Pengfei Han and Zhu Wang
Peking University, Guanghua School of Management and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 176 (290,616)

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Technology Adoption, Payments, FinTech, Financial Development

Technology Adoption and Leapfrogging: Racing for Mobile Payments

FRB Richmond Working Paper No. 21-5
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 63 (599,874)

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Technology adoption, Sunk cost, Payment system

4.

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 223 (234,782)
Citation 2

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Passive learning, entry and exit

5.

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 201 (258,480)

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6.

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

FRB Richmond Working Paper No. 14-09
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 195 (265,615)
Citation 19

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Payment choice, Money demand, Consumer behavior

7.

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

Economic Quarterly, Issue 3Q, pp. 183-208, 2014
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 191 (270,671)
Citation 1

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8.

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 179 (286,508)
Citation 3

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9.

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

Downloads 154 (325,825)
Citation 21

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

FRB Richmond Working Paper No. 12-08R
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 81 (519,955)
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 73 (553,342)
Citation 8

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Platforms, Taxation, Ramsey pricing

10.

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 151 (331,116)

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Banking, Internet, Technology, Diffusion

11.

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

Downloads 122 (390,688)
Citation 6

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

FRB Richmond Working Paper No. 19-3
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 82 (516,119)
Citation 2

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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 40 (739,113)
Citation 4

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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

12.

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

Downloads 113 (413,132)
Citation 4

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

FRB Richmond Working Paper No. 15-08
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 62 (604,969)

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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 51 (666,189)
Citation 5

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

13.

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 112 (415,839)

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Product innovations, firm survival, shakeout

14.

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 112 (415,839)

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Spinoff, Entry and Exit, Geography of Industry

15.

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 80 (518,282)
Citation 1

Abstract:

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

16.

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

Economic Quarterly, Issue 4Q, pp. 153-171, 2018
Number of pages: 19 Posted: 28 Jan 2019 Last Revised: 29 Apr 2020
Zhu Wang
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 75 (538,174)

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ad valorem, transactions

17.

Idea Diffusion and Property Rights

Downloads 64 (590,392)

Idea Diffusion and Property Rights

FRB Richmond Working Paper No. 20-11
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 53 (660,312)

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Technology, Innovation

Idea Diffusion and Property Rights

NBER Working Paper No. w28019
Number of pages: 65 Posted: 02 Nov 2020 Last Revised: 08 Feb 2023
Boyan Jovanovic and Zhu Wang
New York University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 11 (1,005,417)

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18.

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 64 (585,854)
Citation 1

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Price cap regulation, Demand externalities, Two-sided market

19.

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

Downloads 62 (595,230)
Citation 7

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

FRB Richmond Working Paper No. 13-04R
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 36 (769,180)

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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: 06 May 2023
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 26 (852,989)
Citation 7

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20.

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

Economic Quarterly, Issue 1Q, pp. 51-78, 2016
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 45 (688,292)
Citation 1

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payments, consumer behavior

21.

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 40 (720,944)

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local externalities; employee spinouts; industry agglomeration

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: 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 27 (819,140)

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local externalities; employee spinouts; industry agglomeration

23.

The Decline in Currency Use at a National Retail Chain

Economic Quarterly, Issue 2Q, pp. 53-77, 2018
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 23 (862,977)

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retail payments, transactions, currency