Stimulating Consumption at Low Budget: Evidence from a Large-Scale Policy Experiment Amid the COVID-19 Pandemic

• Qiao Liu

  Qiao Liu

  [email protected]

  https://orcid.org/0000-0003-0007-7190

  Guanghua School of Management, Peking University, 100871 Beijing, China

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  ,
• Qiaowei Shen

  Qiaowei Shen

  [email protected]

  https://orcid.org/0000-0003-3269-4003

  Guanghua School of Management, Peking University, 100871 Beijing, China

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  ,
• Zhenghua Li

  Zhenghua Li

  [email protected]

  Research Institute, Ant Group, 310013 Hangzhou, China

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  ,
• Shu Chen

  Shu Chen

  [email protected]

  Research Institute, Ant Group, 310013 Hangzhou, China

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