{"id":"https://openalex.org/W2980260097","doi":"https://doi.org/10.1142/s021962201950038x","title":"Pricing Strategies for Competing Adaptive Retailers Facing Complex Consumer Behavior: Agent-based Model","display_name":"Pricing Strategies for Competing Adaptive Retailers Facing Complex Consumer Behavior: Agent-based Model","publication_year":2019,"publication_date":"2019-10-07","ids":{"openalex":"https://openalex.org/W2980260097","doi":"https://doi.org/10.1142/s021962201950038x","mag":"2980260097"},"language":"en","primary_location":{"id":"doi:10.1142/s021962201950038x","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s021962201950038x","pdf_url":null,"source":{"id":"https://openalex.org/S207089700","display_name":"International Journal of Information Technology & Decision Making","issn_l":"0219-6220","issn":["0219-6220","1793-6845"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Information Technology &amp; Decision Making","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064743165","display_name":"Heng Du","orcid":"https://orcid.org/0000-0003-2265-397X"},"institutions":[{"id":"https://openalex.org/I881766915","display_name":"Nanjing University","ror":"https://ror.org/01rxvg760","country_code":"CN","type":"education","lineage":["https://openalex.org/I881766915"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Heng Du","raw_affiliation_strings":["Center for Behavioral Decision and Control, School of Management and Engineering, Nanjing University, Nanjing 210093, China"],"affiliations":[{"raw_affiliation_string":"Center for Behavioral Decision and Control, School of Management and Engineering, Nanjing University, Nanjing 210093, China","institution_ids":["https://openalex.org/I881766915"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5074554450","display_name":"Tiaojun Xiao","orcid":"https://orcid.org/0000-0002-6815-1070"},"institutions":[{"id":"https://openalex.org/I881766915","display_name":"Nanjing University","ror":"https://ror.org/01rxvg760","country_code":"CN","type":"education","lineage":["https://openalex.org/I881766915"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Tiaojun Xiao","raw_affiliation_strings":["Center for Behavioral Decision and Control, School of Management and Engineering, Nanjing University, Nanjing 210093, China"],"affiliations":[{"raw_affiliation_string":"Center for Behavioral Decision and Control, School of Management and Engineering, Nanjing University, Nanjing 210093, China","institution_ids":["https://openalex.org/I881766915"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5064743165"],"corresponding_institution_ids":["https://openalex.org/I881766915"],"apc_list":null,"apc_paid":null,"fwci":0.5942,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.73024133,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"18","issue":"06","first_page":"1909","last_page":"1939"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12659","display_name":"Innovation Diffusion and Forecasting","score":0.9958999752998352,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12659","display_name":"Innovation Diffusion and Forecasting","score":0.9958999752998352,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9894000291824341,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.6622885465621948},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.5882563591003418},{"id":"https://openalex.org/keywords/pricing-strategies","display_name":"Pricing strategies","score":0.5450383424758911},{"id":"https://openalex.org/keywords/dynamic-pricing","display_name":"Dynamic pricing","score":0.5331881046295166},{"id":"https://openalex.org/keywords/variable-pricing","display_name":"Variable pricing","score":0.5198662281036377},{"id":"https://openalex.org/keywords/product","display_name":"Product (mathematics)","score":0.5182873606681824},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5019478797912598},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.338702917098999},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.3231518566608429}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.6622885465621948},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5882563591003418},{"id":"https://openalex.org/C2780193402","wikidata":"https://www.wikidata.org/wiki/Q3394670","display_name":"Pricing strategies","level":2,"score":0.5450383424758911},{"id":"https://openalex.org/C2779391423","wikidata":"https://www.wikidata.org/wiki/Q17009728","display_name":"Dynamic pricing","level":2,"score":0.5331881046295166},{"id":"https://openalex.org/C180925905","wikidata":"https://www.wikidata.org/wiki/Q7915726","display_name":"Variable pricing","level":2,"score":0.5198662281036377},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.5182873606681824},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5019478797912598},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.338702917098999},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3231518566608429},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1142/s021962201950038x","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s021962201950038x","pdf_url":null,"source":{"id":"https://openalex.org/S207089700","display_name":"International Journal of Information Technology & Decision Making","issn_l":"0219-6220","issn":["0219-6220","1793-6845"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Information Technology &amp; Decision Making","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:wsi:ijitdm:v:18:y:2019:i:06:n:s021962201950038x","is_oa":false,"landing_page_url":"http://www.worldscientific.com/doi/abs/10.1142/S021962201950038X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G4008713476","display_name":null,"funder_award_id":"71871112","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G5043081793","display_name":null,"funder_award_id":"71425001","funder_id":"https://openalex.org/F4320334953","funder_display_name":"China National Funds for Distinguished Young Scientists"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320334953","display_name":"China National Funds for Distinguished Young Scientists","ror":"https://ror.org/01pab2602"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":43,"referenced_works":["https://openalex.org/W1563720478","https://openalex.org/W1965370893","https://openalex.org/W1967026460","https://openalex.org/W1983976756","https://openalex.org/W1991842457","https://openalex.org/W1995044596","https://openalex.org/W1995721528","https://openalex.org/W1995836618","https://openalex.org/W2008936527","https://openalex.org/W2019252131","https://openalex.org/W2021247827","https://openalex.org/W2028045956","https://openalex.org/W2032790871","https://openalex.org/W2045635744","https://openalex.org/W2045967079","https://openalex.org/W2056360569","https://openalex.org/W2057337671","https://openalex.org/W2063271257","https://openalex.org/W2067050450","https://openalex.org/W2078645665","https://openalex.org/W2078806276","https://openalex.org/W2085788170","https://openalex.org/W2086733339","https://openalex.org/W2098382852","https://openalex.org/W2120569383","https://openalex.org/W2121834906","https://openalex.org/W2127275253","https://openalex.org/W2128011585","https://openalex.org/W2130822217","https://openalex.org/W2151610952","https://openalex.org/W2152426234","https://openalex.org/W2156149439","https://openalex.org/W2169515080","https://openalex.org/W2169878423","https://openalex.org/W2172294041","https://openalex.org/W2297123447","https://openalex.org/W2339943031","https://openalex.org/W2526430079","https://openalex.org/W2553916955","https://openalex.org/W2560183991","https://openalex.org/W3124405191","https://openalex.org/W4214717370","https://openalex.org/W4235161505"],"related_works":["https://openalex.org/W2474391410","https://openalex.org/W2384552358","https://openalex.org/W3161645993","https://openalex.org/W3080916273","https://openalex.org/W4229056139","https://openalex.org/W3004210763","https://openalex.org/W2157754910","https://openalex.org/W1985795559","https://openalex.org/W4287024482","https://openalex.org/W2354490192"],"abstract_inverted_index":{"This":[0],"paper":[1],"examines":[2],"pricing":[3,43,47,59,86,128,140],"strategies":[4],"for":[5,53],"two":[6,11,42,54],"adaptive":[7],"retailers":[8,112],"competing":[9],"on":[10,138],"products":[12],"in":[13],"the":[14,29,45,50,57,76,84,91,96,109,132,135,139],"presence":[15],"of":[16,31,98,108,134],"complex":[17],"consumer":[18],"behavior,":[19],"where":[20],"consumers":[21,33],"own":[22],"heterogeneous":[23],"product":[24],"and":[25,28],"store":[26],"valuations":[27],"number":[30],"potential":[32],"is":[34,69,88,102,122],"random.":[35],"Each":[36],"retailer":[37,68],"can":[38,130],"choose":[39],"one":[40,99],"from":[41],"strategies:":[44],"uniform":[46,115],"format":[48,60,87],"(offering":[49,61],"same":[51],"price":[52,120],"products)":[55],"or":[56],"differentiated":[58,85],"different":[62],"prices).":[63],"Utilizing":[64],"agent-based":[65],"model":[66],"(each":[67],"modeled":[70],"as":[71],"an":[72],"autonomous":[73],"agent":[74],"with":[75],"reinforcement":[77],"learning":[78],"behavior),":[79],"we":[80,124],"find":[81,125],"that:":[82],"(i)":[83],"not":[89],"always":[90],"optimal":[92],"choice;":[93],"(ii)":[94],"when":[95,118],"uncertainty":[97],"product/store":[100],"valuation":[101],"a":[103],"little":[104],"larger":[105],"than":[106],"that":[107,126],"rival,":[110],"both":[111],"should":[113],"adopt":[114],"pricing.":[116],"Besides,":[117],"wholesale":[119],"contract":[121],"endogenous,":[123],"supplier\u2019s":[127],"behavior":[129],"change":[131],"impact":[133],"fixed":[136],"cost":[137],"strategy.":[141]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":3}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
