Nowadays,more and more transactions or interactions like online dating and shopping are completed on two-sided platforms involving two groups of agents.On these two-sided platforms,there often exist cross-network effe...Nowadays,more and more transactions or interactions like online dating and shopping are completed on two-sided platforms involving two groups of agents.On these two-sided platforms,there often exist cross-network effects,i.e., the benefits that agents at one side receive are positively related to the number of agents at the other side,and vice versa.This paper considers such two-sided platforms,where the platforms offer a certain service to attract agents of both sides to join the platforms,and then charge agents who join the platforms a lump-sum fee to gain the profit.We present service and pricing strategies for both monopolistic and duopolistic platforms,respectively.We also investigate the impact of platforms'life cycle on their service and pricing strategies.Some managerial implications are shown.展开更多
Due to bounded rationality, people often rush for instantaneous gratification if the decisions involve immediate rewards, but procrastinate if the decisions involve immediate costs. Present-biased preference and time-...Due to bounded rationality, people often rush for instantaneous gratification if the decisions involve immediate rewards, but procrastinate if the decisions involve immediate costs. Present-biased preference and time-inconsistency will be more salient when people are making inter-temporal decisions to trade off rewards and costs in the future. People outweigh the present and their preference for the outcome in the furore will decline over time. Incorporating present-biased preference and time-inconsistency under quasi-hyperbolic discounting, time value of money under inflation and time-varying demand with shortages completely backlogged, we develop an inventory replenishment model for a deteriorating item. Inventory replenishment policies that benefit the decision maker are as follows. With the increase of time-inconsistency, one can increase ordering number and decrease fraction of shortages; with the increase of hazard rate within an upper limit, one can increase ordering number and decrease fraction of shortage; with the increase of compounded discount rate, one can increase ordering number and fraction of shortage. Hyperbolic discounting increases the ordering number and decreases the final profit, and the degree of hyperbolic discounting strengthens such outcomes. As a result, the optimal policy for a decision maker is to keep as rational as possible when making inter-temporal decisions.展开更多
基金the National Natural Science Foundation of China under grant NOs.G71520107001,G7187010221 and G11771149.
文摘Nowadays,more and more transactions or interactions like online dating and shopping are completed on two-sided platforms involving two groups of agents.On these two-sided platforms,there often exist cross-network effects,i.e., the benefits that agents at one side receive are positively related to the number of agents at the other side,and vice versa.This paper considers such two-sided platforms,where the platforms offer a certain service to attract agents of both sides to join the platforms,and then charge agents who join the platforms a lump-sum fee to gain the profit.We present service and pricing strategies for both monopolistic and duopolistic platforms,respectively.We also investigate the impact of platforms'life cycle on their service and pricing strategies.Some managerial implications are shown.
文摘Due to bounded rationality, people often rush for instantaneous gratification if the decisions involve immediate rewards, but procrastinate if the decisions involve immediate costs. Present-biased preference and time-inconsistency will be more salient when people are making inter-temporal decisions to trade off rewards and costs in the future. People outweigh the present and their preference for the outcome in the furore will decline over time. Incorporating present-biased preference and time-inconsistency under quasi-hyperbolic discounting, time value of money under inflation and time-varying demand with shortages completely backlogged, we develop an inventory replenishment model for a deteriorating item. Inventory replenishment policies that benefit the decision maker are as follows. With the increase of time-inconsistency, one can increase ordering number and decrease fraction of shortages; with the increase of hazard rate within an upper limit, one can increase ordering number and decrease fraction of shortage; with the increase of compounded discount rate, one can increase ordering number and fraction of shortage. Hyperbolic discounting increases the ordering number and decreases the final profit, and the degree of hyperbolic discounting strengthens such outcomes. As a result, the optimal policy for a decision maker is to keep as rational as possible when making inter-temporal decisions.
