12 research outputs found
Hybrid Platform Operation Decision of Retail Enterprises
No full textThe development of e-commerce has formulated the hybrid platform mode for retail enterprises. We studied how the differences in product distribution cost, unit retail price, and competition conflict affect the business model decision making. The theoretical model shows the following results: (1) When the hybrid platform sells complementary products with third-party sellers, the profit of choosing the hybrid mode is always the best. (2) When the hybrid platform competes with third-party sellers, if the unit retail price is in a higher range, the merchant mode is the best choice; when the unit retail price is in the lower range, the hybrid platform mode is the best choice. (3) Competition between the hybrid platform and third-party sellers determines the profit level of the operating enterprise. The excessive price competition between the self-operated business and the third-party sellers is magnified by the existence of cross-network externalities, resulting in a strong anti-competitive effect, and affecting the profits of the hybrid platform’s two businesses. These findings guide retail enterprises to design their business model as well as address competition conflict
Supervision of the Default Risk of Online Car-Hailing Platform from an Evolutionary Game Perspective
No full textOnline car-hailing services are becoming a key component of the public transportation system, despite there being some certain risks, especially default risk. Turning to the evolutionary game method, this research constructed an evolutionary game model of online car-hailing platform, and then analyzed the equilibrium state of three scenarios (i.e., no supervision, internal supervision of platform enterprises, and external supervision of regulators), followed by carrying out a simulation. The results showed that to realize the evolution stability strategies (ESS) of default risk control, a strong credit constraint or the establishment of a coordinated supervision mode with appropriate intensity are needed. On this basis, this research puts forward the coordinated “platform enterprise + regulator” supervision mode, as well as the following four specific strategies: Promoting the construction of a credit system, strengthening the construction of laws and regulations, establishing a service process control mechanism, and introducing innovative regulatory means
The Impact of Guarantees on Peer-to-Peer Lending Platform: Evolutionary Game Analysis and Empirical Evidence from China
No full textThe peer-to-peer lending market has developed rapidly over the past decade and reveals a severe problem of information asymmetry. This research constructed a four-party evolutionary game model to analyze the influence pathway of the guarantee mechanism on the users’ participation of the peer-to-peer lending platform and conducted an empirical study applying the mediating effect model and simultaneous equation model based on data of China’s peer-to-peer lending platform. The theoretical model shows that the guarantee mechanism reduced the participation of borrowers of the peer-to-peer lending platform through a screening effect, but increased the participation of investors through a signal effect. In the case of the platform self-guarantee, there existed a self-screening effect, whose influence on the participation of investors depended on the strength of external constraints imposed on the platform enterprises. Further, the empirical study shows that during the sample period, the platform self-guarantee mechanism reduced the scale of borrowers and investors of the peer-to-peer lending platform at the same time, thus reducing the transaction volume of the platform. Although the third-party guarantee mechanism reduced the scale of borrowers, it increased the scale of investors, and the comprehensive effect was to increase the transaction volume of the platform. On this basis, this research puts forward suggestions such as strengthening the qualification examination of the platform enterprises, transforming the platform self-guarantee mechanism into the third-party guarantee mechanism, and introducing more signal mechanisms
The Evolution of Price Dispersion in China's Passenger Car Markets
No full textThis research identified the rising price dispersion of passenger cars in Chinese cities during the period from 2004 to 2006. The sources of the price differentials were then further explored. The theoretical and empirical analyses suggest that the income effect (as reflected by income differentials across Chinese cities) and the competition effect (as reflected by car supply differentials across Chinese cities) largely account for regional automobile price differentials across China.Business, FinanceEconomicsInternational RelationsSSCI0ARTICLE7,SI947-9653
Using Attachment Curves Model to study the group externality of China's bankcard industry
No full textTPR study of PdO catalysts supported on CexTi1-xO2 and CexY1-xO1.5+0.5x: effects of hydrogen spillover
No full textThe Impact of Venture Capital Investment on the Performance of Peer‐to‐Peer Lending Platforms: Evidence from China
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