Price competition and blockchain adoption in retailing markets

Zhang, Zhiming; Da, Ren; Lan, Yanyan; Yang, Shanxue

doi:10.1016/j.ejor.2021.08.027

Cited by 89 publications

(35 citation statements)

References 32 publications

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“…The results show that equilibrium solution can be reached and the intelligent contract under blockchain has optimization effects. Zhang et al ( 2021a , b ) explore the price strategy in supply chain with an initial retailer and an entrant retailer, and both of the competitive retailers can determine blockchain adoption strategy. They find that consumer privacy concerns may reduce the prices and profits of both retailers in the presence of blockchain adoption.…”

Section: Review Of Related Studiesmentioning

confidence: 99%

“…The analysis emphasizes the influence of information transparency on consumers, rival firms, and the industry empirically, and indicates that limiting information transparency helps reducing multi-homing. Zhang et al ( 2021a , b ) focus on information transparency for pre-ordering strategy in new products launching, and examine the profitability of omni-channel. The results show that advance selling is not always profitable for the retailer, but is circumstantial on the hassle costs.…”

Section: Review Of Related Studiesmentioning

confidence: 99%

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Fashion platform operations in the sharing economy with digital technologies: recent development and real case studies

et al. 2022

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With the emergence of digital technologies, we have witnessed a rapid growth of the sharing economy in recent years. In fashion industry, sharing economy concept is also widely applied. Instances can be found all over the world, like Rent the Runway, Golden Tote, Stitch Fix, and Le Tote in the US, Air Closet in Japan, Y Closet, Ms Paris, and Dora’s Dream in China, etc. In this paper, motivated by the industrial practices of fashion sharing platforms, we first conduct a literature review on business operations of sharing platforms, including the sharing platform operations, digital and information technologies employed in sharing economy, business models, and sustainability and circularity in business operations. Afterwards, we analyze the challenges faced by fashion sharing platforms by exploring the two leading fashion sharing platforms in the US and in China, respectively. At last, we propose future research directions on fashion sharing platform operations and conclude the paper.

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Section: Review Of Related Studiesmentioning

confidence: 99%

Section: Review Of Related Studiesmentioning

confidence: 99%

Fashion platform operations in the sharing economy with digital technologies: recent development and real case studies

et al. 2022

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“…Many scholars have explored the application strategies and welfare effects of blockchain in various scenarios, and have harvested rich research results. Zhang et al (2021) investigated the impact of blockchain technology on the strategic pricing of competing retailers, and the results show that it is not always advantageous for retailers to adopt blockchain technology in all situations. The two retailers will only adopt blockchain when consumers are less concerned about privacy and promote information transparency.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Specifically, the publication of information has costs, and the publication of some information may bring negative effects to agents (for example: in real life, exaggerated price advertising information may make consumers more suspicious). When the consumer's price trust in the agent is lower than the threshold, it is profitable to increase the price information authentication to improve the transparency of the information (Zhang et al, 2021). When consumers' trust in price information exceeds the threshold, the increased amount of information disclosure cannot cover the cost, and the situation for agents will get worse.…”

Section: Strategy-[nn]mentioning

confidence: 99%

Price competition and blockchain technology adoption strategies of agents on the digital platform

2022

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The rise of digital platforms intensifies the price competition among agents. Agents often use low price strategies to attract consumers. However, the low-price strategy is often filled with false information and consumers perceive the non-truthfulness of the price information. Then, consumers’ trust in agents gradually decreases, which inhibits the growth of online shopping. Blockchain is seen as a solution to the trust crisis between agents and consumers. Our research is based on two competing agents selling the same type of goods on the same platform. We discuss agents’ blockchain technology application strategies in three scenarios, which are defined by whether agents choose to apply blockchain technology to improve consumer trust. The results show that the application of blockchain technology is beneficial to agents only when consumer trust is low. Furthermore, the YN strategy is regarded as a possible equilibrium strategy, which depends on the blockchain application cost and consumer trust. Some extended cases are discussed for post-blockchain consumer welfare, cost-sharing contracts, dishonesty penalties, and variable blockchain costs, and the results show that the analysis in this manuscript is robust. Our findings have important practical significance for promoting the application of blockchain technology and alleviating the problem of price information asymmetry in platform shopping.

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“…Additionally, several books and articles focus on blockchain's optimization and structural design. In the field of operations management, some scholars have started exploring the application of blockchain in enterprise operations management (Zhang et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

A Systematic Review on Development of Blockchain Technology Across Different Sectors

2022

IRJMETS

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Blockchain was first thought of as a way to develop Bitcoin, a trustless cryptocurrency. Since then, it has moved beyond its original intent as more and more industries and interested parties see it as a method for resolving current business problems and re-stabilize mature industries. Across this study, we conduct a systematic literature review of blockchain-based applications in various sectors. The purpose of this study is to examine how blockchain has progressed over the years, its current status, what uses it has found, and how its distinctive qualities can revolutionize the way "business as usual" is done. Therefore, this review incorporates the theoretical underpinnings of a considerable number of research papers published in highly regarded scientific journals over the years, in an effort to streamline our evaluation and encompass the rapidly growing blockchain domain. We provide an extensive identification of blockchain-enabled applications covering supply chain, finance, healthcare, energy, and cloud-storage industries. This classification is premised on an organized, systematic review and conceptual data analysis of the identified publications. Additionally, we define major themes, developments, and arising areas for further research. Based on these results, we propose a number of new research avenues that will likely prove useful to scholars and professionals alike. The findings of this research suggest that the distinctive characteristics of blockchain technology, such as confidentiality, encryption, anonymity, decentralization, and authenticity, offer significant advantages to a wide range of domains and spheres of study.

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Price competition and blockchain adoption in retailing markets

Cited by 89 publications

References 32 publications

Fashion platform operations in the sharing economy with digital technologies: recent development and real case studies

Fashion platform operations in the sharing economy with digital technologies: recent development and real case studies

Price competition and blockchain technology adoption strategies of agents on the digital platform

A Systematic Review on Development of Blockchain Technology Across Different Sectors

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