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- Lulu Wang - Kellogg Insight
Assistant Professor of Finance. What Would a Capital...
- Who Pays for All Those Generous Credit-Card Rewards?
These are two of the questions Lulu Wang, an assistant...
- Lulu Wang - Kellogg Insight
My name is Lulu Wang, and I am an Assistant Professor of Finance at the Kellogg School of Management. I am interested in questions at the intersection of household finance, corporate finance, and industrial organization. Contact Information: Kellogg Global Hub 4463.
View Lulu Wang’s profile on LinkedIn, a professional community of 1 billion members. Former macro hedge fund analyst now exploring questions in fintech, industrial organization, and corporate...
- 500+
- Stanford, California, United States
- 751
Work in Progress. June 2022. What Drives Fee Dispersion in in Private Equity? (with Juliane Begeneau, Claudia Robles-Garcia, and Emil Siriwardane) Lending to Lemons (with Joseph Hall)
Jan 1, 2024 · Assistant Professor of Finance. What Would a Capital One–Discover Deal Really Mean? A financial expert considers the acquisition’s potential impact on credit-card networks, merchants, and consumers. Researchers: Lulu Wang. March 11, 2024. Finance & Accounting. Who Pays for All Those Generous Credit-Card Rewards?
Jan 1, 2024 · These are two of the questions Lulu Wang, an assistant professor of finance at Kellogg, investigates in a new paper. The research focuses on so-called payment networks—companies such as Visa, MasterCard, and American Express that set the rules, fees, and rewards for credit cards.
Abstract. Payment markets are two-sided. Networks like Visa and Mastercard charge merchant fees to fund consumer rewards. I study how regulation, private entry, and public entry in this market affect prices, distribution, and welfare in equilibrium. I model two-sided multi-homing, retail price-setting, and network competition.