management and other employees. Mixing these two practices—giving stock options to consumers who buy the firm’s productâ …€”, creates a deadly brew. Large numbers of consumers can be lured into buying this product, giving the entrepreneur huge profits … and the consumers a growing profit share. But this is a camouflaged Ponzi that will ultimately crash. By analogy it is …

China’s consumers are better understood when looked at as two distinct classes: urban consumers and rural consumers …

similar consumers. This effect only disappears two generations after migration, as tastes adjust to local prices. These …