. We conduct a randomized field experiment in northern China using three types of SMS campaigns targeting three potential …

challenge of non-random housing wealth changes, we exploit the unexpected announcement of China's newest national-level new area …We provide new evidence on the causal effects of housing wealth on consumer behavior. To overcome the empirical …-level online consumption from the largest e-commerce company in China to measure various aspects of consumer behavior, such as …

challenge of non-random housing wealth changes, we exploit the unexpected announcement of China's newest national-level new area …We provide new evidence on the causal effects of housing wealth on consumer behavior. To overcome the empirical …-level online consumption from the largest e-commerce company in China to measure various aspects of consumer behavior, such as …

A wealth of evidence shows that individuals are biased and firms can often exploit consumers' behavioral biases in …