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Merchant selection and pricing strategy for a platform firm in the online group buying market. (English) Zbl 1391.91091
Summary: The online group-buying market is characterized by intense competition between brokers, called platform firms, which function as intermediaries between merchants and consumers. In an environment of intense competition, merchant selection and pricing strategies are critical for platform firms. This paper employs business analytics to support strategy formulation for these firms by forecasting market demand and analyzing competitive environments. We apply the proposed decision framework, which relies on business analytics, to a study of the online group-buying market in Japan.
91B24 Microeconomic theory (price theory and economic markets)
62P20 Applications of statistics to economics
Full Text: DOI
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