Ding, Jing; Jiang, Lei; Msall, Lucy; Notowidigdo, Matthew J. - National Bureau of Economic Research - 2024
In 2020, local governments in China began issuing digital coupons to stimulate spending in targeted categories such as restaurants and supermarkets. Using data from a large e-commerce platform and a bunching estimation approach, we find that the coupons caused large increases in spending of...