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Chinese Journal of Management Science ›› 2025, Vol. 33 ›› Issue (8): 278-288.doi: 10.16381/j.cnki.issn1003-207x.2022.2088

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Competitive Pricing Strategy of Platform E-commerce Enterprises Considering Reference Point Effect and Price Commitment

Xuwang Liu1, Junjia Wang2, Wei Qi1(), Xinggang Luo3   

  1. 1.Institute of Management Science and Engineering,Henan University,Kaifeng 475000,China
    2.Business School,Sichuan University,Chengdu 610065,China
    3.Management School,Hang Zhou Dianzi University,Hangzhou 310018,China
  • Received:2022-09-23 Revised:2023-01-10 Online:2025-08-25 Published:2025-09-10
  • Contact: Wei Qi E-mail:qiwei1119@163.com

Abstract:

Under the background of platform economy, price and sales volume are the most concerned and easily available information for consumers. Based on these information, consumers form their own reference points for product-related attributes and further make purchase decisions. The research on consumer decision-making behavior considering the influence of price and sales double reference point effect is of great significance to the product pricing and marketing strategy formulation of platform enterprises. In this paper, the Hotelling model is used to construct a two-period product pricing model for competition among platform enterprises. The influence of double reference point effect on product pricing, profit and strategy choice of competitive enterprises under price commitment or non-commitment is studied. The influence mechanism of product quality difference, reference point effect intensity, unit product preference cost and other factors on enterprise profit and competition situation change is analyzed, and the two-period optimal pricing strategy of product sales is further proposed. It is found that whether the disadvantaged enterprises choose the price commitment strategy is related to the degree of influence of the reference point effect and the unit preference cost of the product. Platform e-commerce enterprises can improve consumers ' preset reference points for products by optimizing product experience and improving service quality, so as to increase the competitive advantage of enterprise products. With the goal of maximizing profits, the optimal choice of advantageous enterprises is price commitment, and the optimal choice of disadvantaged enterprises is price non-commitment. The research results can provide theoretical basis and decision support for product pricing and operation management of platform enterprises.

Key words: platform economy, reference point effect, Hotelling model, product pricing

CLC Number: