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Zaiyan Wei

Zaiyan Wei

Associate Professor of Management
Management Information Systems


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


Zaiyan Wei is an Associate Professor of Management at the Mitchell E. Daniels, Jr School of Business, 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. Furthermore, Zaiyan serves as a member of the academic committee at Tsinghua University's Xinyuan FinTech Research Center in the PBC School of Finance and sits on the Advisory Board of

Zaiyan's research focuses on the economics of information systems, embracing areas like FinTech, platform economics, and the intricacies of social media and networks. His papers have been published in top-tier academic journals, including Management Science, Information Systems Research, MIS Quarterly, and Journal of MIS, to name a few. His notable works have garnered attention, being nominated or clinching best paper titles at prominent international conferences like CIST and CSWIM. In 2022, Zaiyan was a recipient of the prestigious Sandra A. Slaughter Early Career Award and Krannert Faculty Fellow Award. He has won several grants (e.g., from the Daniels School of Business and 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 was a research associate in the Department of MIS at the University of Arizona and obtained his Ph.D. in economics in 2015. He holds a Bachelor's degree in economics from Shanghai Jiao Tong University and a Master's degree in the same discipline from Shanghai University of Finance and Economics.

Journal Articles

  • Chen, W., Wei, Z., & Xie, K. (2023). "Regulating Professional Players in Peer-to-Peer Markets: Evidence from Airbnb." Management Science vol. 69 (5), 2893-2918. | Related Website |
  • Lin, M., Sias, R., & Wei, Z. (2023). "Experts vs. Non-Experts in Online Crowdfunding Markets." MIS Quarterly vol. 47 (1), 97-126. | Related Website |
  • Chen, W., Wei, Z., & Xie, K. (2022). "The Battle for Homes: How Does Home Sharing Disrupt Local Residential Markets?" Management Science vol. 68 (12), 8589-8612. | Related Website |
  • 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

  • Liang, S., Law, R., Wei, Z., & Ye, Q. (2023). "Effects of Reputation on Guest Satisfaction: From the Perspective of Two-Sided Reviews on Airbnb." International Journal of Contemporary Hospitality Management | Related Website |
  • Yu, Y., Khern-am-nuai, W., Pnisonneault, A., & Wei, Z. (2023). "The Impacts of Social Interactions and Peer Evaluations on Online Review Platforms." Journal of Management Information Systems | Related Website |
  • Airbnb

    Short-Term Rentals Make Housing Less Affordable

    Two separate research papers on Airbnbs, by professors Ralph Siebert and Zaiyan Wei, deal with the complexities surrounding the rapid expansion of short-term rental platforms.

    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.

2023, Krannert STAR Supplement Grant

2022, INFORMS Information Systems Society Sandy Slaughter Early Career Award

2022, Krannert Faculty Fellow Award

2022, Krannert STAR Supplement Grant

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

2020, Management Science Meritorious Service Award

2019, Marketing Science Institute (MSI) Grant

2018, Best Paper Runner-Up, 12th CSWIM

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

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

2016, Purdue Research Foundation (PRF) Grant

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

Co-Chair of the eBusiness Cluster in 2023 INFORMS Annual Meeting (2023)

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

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

Krannert Research Data Initiative Competition Committee (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 - 17, 2022)

  • MGMT 38200 (Fall 2015, Spring 2017 - 2022, Summer 2022 - 2023)
  • MGMT 47900 (Spring 2023)
  • MGMT 58800 (Spring 2017 - 2021, Summer 2022, Spring 2023)
  • MGMT 59000 (Summer 2023)
  • MGMT 69000 (Fall 2015, 2017, Spring 2020, 2022, 2023)

Phone: (765) 494-5958
Office: RAWL 4028

Quick links

Personal website

Area(s) of Expertise

Artificial Intelligence, Auctions, Business Analytics, Competitive Strategy, Data Analytics, Digital Economy, E-Commerce, Econometrics, Economics, Fintech, Industrial Organization, Information Technology, Machine Learning, Marketing, Real Estate, Social Media