Evolutionary game analysis and regulatory strategies for online group-buying based on system dynamics
Evolutionary game analysis and regulatory strategies for online group-buying based on system dynamics
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DOI:
10.1080/17517575.2017.1412503
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发表时间:
2018-07
影响因子:
4.4
通讯作者:
Zhong-Zhong Jiang-Zhong;Na He;Xuwei Qin;Andrew W. H. Ip;Chun-Ho Wu;K. Yung
中科院分区:
文献类型:
--
作者:
Zhong-Zhong Jiang-Zhong;Na He;Xuwei Qin;Andrew W. H. Ip;Chun-Ho Wu;K. Yung
ABSTRACT The emergence of online group-buying provides a new consumption pattern for consumers in e-commerce era. However, many consumers realize that their own interests sometimes can’t be guaranteed in the group-buying market due to the lack of being regulated. This paper aims to develop effective regulation strategies for online group-buying market. To the best of our knowledge, most existing studies assume that three parties in online group-buying market, i.e. the retailer, the group-buying platform and the consumer, are perfectly rational. To better understand the decision process, in this paper, we incorporate the concept of bounded rationality into consideration. Firstly, a three-parties evolutionary game model is established to study each player’s game strategy based on bounded rationality. Secondly, the game model is simulated as a whole by adopting system dynamics to analyze its stability. Finally, theoretical analysis and extensive computational experiments are conducted to obtain the managerial insights and regulation strategies for online group-buying market. Our results clearly demonstrate that a suitable bonus-penalty measure can promote the healthy development of online group-buying market.