Competitive Pricing of Innovative Products with Consumers’ Social Learning

Xiao, Lu; Zhang, Hang; Qin, Yong

doi:10.3390/su12093806

Cited by 3 publications

(2 citation statements)

References 24 publications

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“…The results show that offering introductory discounts on social networks is not always an effective way to promote purchases. Xiao, Zhang [ 44 ] constructed a two-period duopoly model of an innovative product and investigated the impact of consumer social learning on firms’ pricing strategies and profits.…”

Section: Literature Reviewmentioning

confidence: 99%

Optimal dynamic pricing for public transportation considering consumer social learning

Zhang,

Zhao

2024

PLoS ONE

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Effective public transportation pricing strategies are critical to reducing traffic congestion and meeting consumer demand for sustainable urban development. In this study, we construct a dynamic game pricing model and a social learning network model for consumers of three modes of public transportation including metro, bus, and pa-transit. In the model, the metro, bus, and pa-transit operators maximize their profits through dynamic pricing optimization, and consumers maximize their utility by adjusting their travel habits through social learning in the social network. The reinforcement learning algorithm is applied to simulate the model, and the results show that: (1) as consumers’ perceived sensitivity to different modes of travel increases, the market share and price of each mode of travel adjust accordingly. (2) When taking into account consumers’ social learning behavior, the market share of metros remains high, while the market shares of buses and pa-transit are relatively low. (3) As consumers become more sensitive to their perception of each travel mode, operators invest more resources in improving service quality to gain market share, which in turn affects the price of each travel mode. Our results provide decision support for optimal pricing of urban public transportation.

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Section: Literature Reviewmentioning

confidence: 99%

Optimal dynamic pricing for public transportation considering consumer social learning

Zhang,

Zhao

2024

PLoS ONE

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“…As the experience of developed countries shows, in the conditions of modern dynamic competition, only professionally trained managers can ensure the successful transformation of scientific and technical developments into an innovative product (Xiao et al 2020). It should be noted that Kazakhstani universities work according to the industrial model of education, which assumes that professional subject teachers work with students and during their studies they study a certain number of academic disciplines.…”

Section: Establishment Of Trust Fundsmentioning

confidence: 99%

University-Business Cooperation as a Key Factor in Innovative Economic Development in Kazakhstan

ISSABEKOV

BAYANBAYEVA

ALTYNBASSOV

et al. 2022

Theor. Pract. Res. Econom. Fields

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The aim of this article is to study the role of university-business cooperation in innovative economic development in Kazakhstan. It was considered some issues related to the creation of research universities, the development of innovative activities and university-business cooperation. The study revealed that the creation of the partnership between universities and technology parks is beneficial from an economic perspective. This interaction provides high-quality training for experts focused on innovation in priority areas of science, engineering, and technology development. Moreover, these integration structures are expected to have a significant impact on the socio-economic development of the region, specialized industries, and the higher education system. It was suggested a set of interacting organizational and economic components aimed at creating incentives and interests for investing in small innovative enterprises at research universities. The principal research method used in this study was a documentary analysis method. The state programmes and regulations of the Republic of Kazakhstan in the field of science, education and innovation were examined. International articles and monographs were reviewed, which were conducted based on the empirical research methods and statistical data. The results of empirical studies conducted by national scholars over the last few years were used as secondary data.

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2022

Theor. Pract. Res. Econom. Fields

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Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Theoretical and Practical Research in Economic Fields has been conceived and designed outside the realm of the traditional economics journal. It consists of concise communications that provide a means of rapid and efficient dissemination of new results, models, and methods in all fields of economic research.Theoretical and Practical Research in Economic Fields publishes original articles in all branches of economics -theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area.Journal promotes research that aim at the unification of the theoretical-quantitative and the empirical-quantitative approach to economic problems and that are penetrated by constructive and rigorous thinking. It explores a unique range of topics from the frontier of theoretical developments in many new and important areas, to research on current and applied economic problems, to methodologically innovative, theoretical and applied studies in economics. The interaction between empirical work and economic policy is an important feature of the journal.Theoretical and Practical Research in Economic Fields, starting with its first issue, it is indexed in EconLit, RePec, ProQuest, Cabell Directories and CEEOL databases.The primary aim of the Journal has been and remains the provision of a forum for the dissemination of a variety of international issues, empirical research and other matters of interest to researchers and practitioners in a diversity of subject areas linked to the broad theme of economic sciences.All the papers will be first considered by the Editors for general relevance, originality and significance. If accepted for review, papers will then be subject to double blind peer review.Invited manuscripts will be due till November 10 th, 2022, and shall go through the usual, albeit somewhat expedited, refereeing process.

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Competitive Pricing of Innovative Products with Consumers’ Social Learning

Cited by 3 publications

References 24 publications

Optimal dynamic pricing for public transportation considering consumer social learning

Optimal dynamic pricing for public transportation considering consumer social learning

University-Business Cooperation as a Key Factor in Innovative Economic Development in Kazakhstan

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