In general, China's response to the global financial crisis was not very different from that of other countries: a stimulus package worth trillions of renminbi, aimed at encouraging domestic consumption. At the same time, China realized that containing the economic havoc would also require the...

As the largest developing country in the world, China is experiencing fast development in e-commerce, and its online marketplace has rapidly taken shape. In this research, we examine the price levels, menu costs, and price dispersions of books and CDs in China. We collected data from ten online...