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Zaiyan Wei

Zaiyan Wei

Assistant Professor of Management

Management Information Systems

Education

The University of Arizona, Ph.D. in Economics
Shanghai University of Finance and Economics, M.A. in Economics
Shanghai Jiao Tong University, B.A. in Economics

CV

Zaiyan Wei is an assistant professor in the Krannert School of Management at Purdue University. He is a faculty affiliate with the Krenicki Center for Business Analytics and Machine Learning, Dean V. White Real Estate Finance Program, and Purdue FinTech Center. He also serves as a member of the academic committee in the Xinyuan FinTech Research Center of the PBC School of Finance at Tsinghua University. Zaiyan is an Advisory Board member for CrowdReviews.com.

Zaiyan's research focuses on the economics of information systems with specific topics covering FinTech, platform economics, and social media and networks. His papers have been published in leading academic journals such as Management Science, Information Systems Research, MIS Quarterly, and Production and Operations Management. The working paper versions were nominated for or won best paper awards at international conferences such as the Conference on Information Systems and Technology (CIST) and China Summer Workshop on Information Management (CSWIM). Zaiyan has won several grants (e.g., from the Marketing Science Institute) and served as an ad hoc judge for Alden G. Clayton Doctoral Dissertation Competition and Israel Science Foundation.

Before joining the faculty at Purdue, Zaiyan obtained his Ph.D. in economics in 2015 and was a research associate in the Department of MIS at the University of Arizona. He holds a Bachelor's degree in economics from Shanghai Jiao Tong University and a Master's degree in economics from Shanghai University of Finance and Economics.

Journal Articles

  • Lu, K., Wei, Z., & Chan, T. (2022). Information Asymmetry among Investors and Strategic Bidding in Peer-to-Peer Lending. Information Systems Research, vol. 33 (3), 824-845. | Related Website |
  • Alyakoob, M., Rahman, M., & Wei, Z. (2021). Where You Live Matters: Local Bank Competition, Online Marketplace Lending, and Disparity in Borrower Benefits. Information Systems Research, vol. 32 (4), 1390-1411. | Related Website |
  • Wei, Z., Xiao, M., & Rong, R. (2021). Network Size and Content Generation on Social Media Platforms. Production and Operations Management, vol. 30 (5), 1406-1426. | Related Website |
  • Liu, X., Wei, Z., & Xiao, M. (2020). Platform Mispricing and Lender Learning in Peer-to-Peer Lending. Review of Industrial Organization, vol. 56 (2), 281-314. | Related Website |
  • Wang, Y., Goes, P., Wei, Z., & Zeng, D. (2019). Production of Online Word-of-Mouth: Peer Effects and the Moderation of User Characteristics. Production and Operations Management, vol. 28 (7), 1621-1640. | Related Website |
  • Wei, Z. & Lin, M. (2017). Market Mechanisms in Online Peer-to-Peer Lending. Management Science, vol. 63 (12), 4236-4257. | Related Website |

Forthcoming Publications

  • Chen, W., Wei, Z., & Xie, K. (2022). Regulating Professional Players in Peer-to-Peer Markets: Evidence from Airbnb. Management Science, | Related Website |
  • Chen, W., Wei, Z., & Xie, K. (2022). The Battle for Homes: How Does Home Sharing Disrupt Local Residential Markets?. Management Science, | Related Website |
  • Lin, M., Sias, R., & Wei, Z. (2022). Experts vs. Non-Experts in Online Crowdfunding Markets. MIS Quarterly, | Related Website |
  • Airbnb

    Short-Term Rentals Make Housing Less Affordable

    The rapid expansion of short-term rental platforms (or STRs) has raised concerns among legislators seeking to regulate companies like Airbnb, a leading online hosting platform at the forefront of conversations surrounding the short-term rental market.

    Full story: Short-Term Rentals Make Housing Less Affordable

  • Image of rising home prices

    What Does Airbnb Do to the Local Housing Market? Make It Less Affordable

    Home-sharing platforms, particularly Airbnb, have enjoyed tremendous growth over the last decade, as property owners have capitalized on the opportunity to offer rooms, apartments and entire homes to travelers seeking short-term rentals. The proliferation of Airbnb properties has sparked criticism that Airbnb hosts are snatching up homes that would otherwise be listed in the residential rental or housing market, thus reducing supply and driving up prices.

    Full story: What Does Airbnb Do to the Local Housing Market? Make It Less Affordable

  • lending computer key

    Research shows disparity in borrower benefits between local banks and online lenders

    The proliferation of online marketplace lending has been disrupting the consumer credit market, giving borrowers increased options for consolidating debt and building credit. Although marketplace lenders like the Lending Club, Prosper and others can transcend the geographic boundaries of traditional banks, the ultimate benefits to marketplace borrowers can still differ because local opportunities to replace marketplace loans vary.

    Full story: Research shows disparity in borrower benefits between local banks and online lenders

  • Awards Announced in MSI Research Grant Competition

    The Marketing Science Institute (MSI) recently announced 15 winners in the 2018-2020 Research Priorities Research Grant Competition. Launched in 2018 to seed research pertaining to MSI’s research priorities, the competition drew 74 submissions from leading researchers on topics including consumer trust, digital ads, privacy, AI, and machine learning. Among the winners was a proposal titled "Regulating Professional Players on Peer-to-Peer Platforms: Evidence from Airbnb" that was co-authored by Prof. Zaiyan Wei from the Purdue University Krannert School of Management.

    Full story: Awards Announced in MSI Research Grant Competition

  • Technologies Disruption of Markets

    Zaiyan Wei discusses emergence of financial technologies and how they disrupt financial markets

  • Under Review

    It should come as no surprise that online product reviews correlate closely with purchasing decisions and sales, making them increasingly important to the bottom line of companies with online retailing platforms. However, what is the incentive for individual consumers who post their feedback and opinions on products?

  • online reviews

    Professor Zaiyan Wei discusses his research on online reviews and the correlation to sales with Krannert Dean David Hummels.

2022, Runner-Up for the Best Paper Award, CIST

2022, Krannert STAR Supplement Grant

2022, Krannert Faculty Fellow Award

2022, INFORMS Information Systems Society Sandy Slaughter Early Career Award

2020, Management Science Meritorious Service Award

2019, Marketing Science Institute (MSI) Grant

2018, Best Paper Runner-Up, 12th CSWIM

2017, Nominee for the Best Reviewer Award, 11th CSWIM

2017, Best Paper Award, 11th China Summer Workshop on Information Management (CSWIM)

2016, Purdue Research Foundation (PRF) Grant

2015, Nominee for the Best Paper Award, Conference on Information Systems and Technology (CIST)

Chair of the FinTech Cluster in 2022 INFORMS Annual Meeting (2022)

Co-Chair of 2022 Conference on Information Systems and Technology (CIST) (2022)

Financial Technologies (FinTech) Committee (2021)

MBA/Weekend MBA Committee (2019 - 2020)

Digital Footprint Committee (2018)

Faculty Recruiting Committee (2017, 2022)

Graduate Club Oversight Committee (2017)

PhD Admission Committee (2015 - 2017)

  • MGMT 38200 (Fall 2015, Spring 2017 - 2022, Summer 2022)
  • MGMT 58800 (Spring 2017 - 2022)
  • MGMT 69000 (Fall 2015, 2017, Spring 2020, 2022)

Contact

zaiyan@purdue.edu
Phone: (765) 494-5958
Office: RAWL 4028

Quick links

Personal website

Area(s) of Expertise

Economics of information systems, FinTech, Platform economics, Social media and networks