Dynamics and stability in retail competition

Villena, Marcelo; Araneda, Axel A.

doi:10.1016/j.matcom.2016.09.011

Cited by 9 publications

(3 citation statements)

References 49 publications

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“…The synergy of both retail formats is easily achievable. In reality, there has been competition between the two formats and the development of oligopoly (Villena & Araneda, 2017). This problem has occurred in many emerging market countries (Bronnenberg & Ellickson, 2015).…”

Section: Introductionmentioning

confidence: 99%

Traditional vs Modern Groceries from Islamic Perspective in Indonesia

Bachmid,

Hidayat,

Noval

2024

Shirkah

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Despite extensive research on the competition between modern and traditional retailers, there is a lack of investigation into specific factors that influence consumer choices and directly impact sales revenue. There is a scarcity of research exploring these issues from the perspective of Islamic business. To address this gap, the study aims to examine consumer preferences in purchasing decision at Traditional and Modern groceries. This study employed a quantitative approach by distributing questionnaire to 100 customers in Palu city, Indonesia. Data analysis involved path analysis and bootstrap biased correlation. The findings highlight the significant impact of product variants, pricing strategies, and promotional efforts by modern retailers on sales revenue in traditional retail stores through purchasing decisions. However, shopping convenience did not exhibit a significant influence, indicating the need for improvement. The competition between traditional and modern retail is primarily driven by shifting consumer behavior and relatively weaker marketing strategies employed by traditional retailers. This study suggests that to maintain their market position, traditional retailers should enhance their marketing strategies by expanding product offerings, setting competitive prices, and executing effective promotional campaigns. Prioritizing the improvement of shopping convenience is crucial to meet customer expectations and preferences.

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Section: Introductionmentioning

confidence: 99%

Traditional vs Modern Groceries from Islamic Perspective in Indonesia

Bachmid,

Hidayat,

Noval

2024

Shirkah

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“…This part of the business world is at the forefront of these changes, dealing with strong competition and having to adapt to the quickly shifting preferences of customers. The dynamic nature of consumer behaviors and the intense competition in the retail sector make it a dynamic and challenging arena to navigate, [2].…”

Section: Introductionmentioning

confidence: 99%

Customer Preference for Electronic Payment Systems for Goods: A Case Study of Some Selected Shopping Malls, Bolgatanga

Armah,

Awonekai,

Owagu

et al. 2023

AJRCoS

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The transformation of payment systems in the digital age has reshaped the way customers interact with businesses. This study, conducted at Melcom Mall in Bolgatanga, Upper East Region, Ghana, delves into ”Customer Preference for Electronic Payment Systems for Goods.” Through extensive surveys and analysis, this paper reveals critical insights into the electronic payment behaviors and preferences of customers. Key findings underscore the dominance of monthly electronic payment usage, with mobile wallets emerging as the preferred method. Customers exhibit high levels of satisfaction, emphasizing the importance of user-friendly and secure payment solutions. Convenience and security play pivotal roles in shaping customer choices, while rewards and promotional campaigns also significantly influence their preferences. Despite the success of electronic payments, customers express concerns about hidden fees, technical issues, and the responsiveness of customer support. In response, we propose recommendations to enhance transparency, user education, technical infrastructure, payment options, security measures, tailored promotions, and responsive customer support. This paper serves as a valuable guide for merchants and policymakers in optimizing electronic payment systems, fostering customer satisfaction, and adapting to the evolving landscape of digital payment methods.

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“…ey demonstrated that the manufacturer's profit is higher with asymmetric channel power than with symmetric channel power. Villena and Araneda [21] explored the stability and chaos of a retail competition and concluded that retail multistore competition is less stable than traditional small business. Yuan and Hwarng [22] investigated the demand dynamics, under a demandbased pricing policy, of a frequently purchased service with considerations of social interaction and customers' adaptively forward-looking behavior.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Dynamic Cournot Game in a Coopetition Supply Chain

Mai

Zhang

Sun

2020

Discrete Dynamics in Nature and Society

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In the original manufacturing industry, upstream encroachment has become a universal commercial phenomenon. This paper considers a coopetition supply chain consisting of an upstream original design manufacturer (ODM) and a downstream original equipment manufacturer (OEM) and proposes a dynamic Cournot game under bounded rationality. To cope with a dynamic repeated game in discrete time, a gradient adjustment mechanism is adopted. Furthermore, bifurcation diagram, largest Lyapunov exponent, basin of attraction, and critical curve are introduced to investigate the dynamic behavior of this game. The results obtained show that as the firms’ policy adjustment speeds increase, the stability region of the dynamic system gradually narrows, but one special finding is that the complex behavior of the dynamic system is alleviated as the OEM’s adjustment speed greatly increases. Moreover, when the difference between the two firms’ adjustment speeds is relatively small, the dynamic adjustment strategy is beneficial to the coopetition supply chain and both firms under certain adjustment speeds, as compared to a one-shot game. In addition, a higher product substitutability has a positive impact on the system stability, pushing the “cooperation” business alliance towards a more coordinated outcome.

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Dynamics and stability in retail competition

Cited by 9 publications

References 49 publications

Traditional vs Modern Groceries from Islamic Perspective in Indonesia

Traditional vs Modern Groceries from Islamic Perspective in Indonesia

Customer Preference for Electronic Payment Systems for Goods: A Case Study of Some Selected Shopping Malls, Bolgatanga

Analysis of Dynamic Cournot Game in a Coopetition Supply Chain

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