Transferability of extended warranty in the presence of a P2P secondary market
Transferability of extended warranty in the presence of a P2P secondary market
复制标题
存在 P2P 二级市场时延长保修期的可转让性
DOI:
10.1016/j.cie.2021.107541
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发表时间:
2021-10
影响因子:
7.9
通讯作者:
Jie Gao
中科院分区:
文献类型:
--
作者:
Qi Zhang;Jie Gao
In addition to the base warranty, many manufacturers offer the extended warranty, which may be bundled with new products or be voluntarily purchased by consumers at a separate price. Consumers may resell the used products in a peer-to-peer (P2P) secondary market in which the used products with extended warranty can attract more consumers. Thus, manufacturers need to decide whether the extended warranty can be transferred from the original owner to the buyer in the secondary market. In this paper, we develop an analytical model to investigate the manufacturer’s optimal pricing decisions of the product and the extended warranty, as well as the transferability of extended warranty. Our results show that the manufacturer prefers to offer a transferable extended warranty when the warranty service cost is low, and prefers to provide a nontransferable extended warranty when the cost is high. The manufacturer can take an advantage of the optional extended warranty to segment the market. We also find that the manufacturer is more likely to provide a transferable extended warranty when the production cost is high or the used products fail at a high probability.
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