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Supply and demand law under variable information

Author

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  • Yuan, Guanghui
  • Han, Jingti
  • Zhou, Lei
  • Liang, Hejun
  • Zhang, Yicheng

Abstract

When the product quality is limited and the information capability is variable, we propose the enterprise enhances corporate profits by changing the relationship between market demand and external resources. We assume that the information capacity can be changed through the input of external resources. In this paper, we present a research agenda that empowers external resources to transform consumer information capabilities and hence market demand. The result shows that the higher the quality of the product, the more market demand can be obtained by investing in external resources in the early stage. The research of this paper provides a set of models for enterprises to choose a better opportunity to promote their products according to the quality of their products or services, which will help enterprises achieve better returns in the short term.

Suggested Citation

  • Yuan, Guanghui & Han, Jingti & Zhou, Lei & Liang, Hejun & Zhang, Yicheng, 2019. "Supply and demand law under variable information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 536(C).
    • Handle: RePEc:eee:phsmap:v:536:y:2019:i:c:s0378437119306132
    DOI: 10.1016/j.physa.2019.04.240
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    References listed on IDEAS

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    1. Szalay, Dezsö, 2008. "Monopoly, Non-linear Pricing, and Imperfect Information : A Reconsideration of the Insurance Market," The Warwick Economics Research Paper Series (TWERPS) 863, University of Warwick, Department of Economics.
    2. Qianqian Li & Tao Yang & Erbo Zhao & Xing’ang Xia & Zhangang Han, 2013. "The Impacts of Information-Sharing Mechanisms on Spatial Market Formation Based on Agent-Based Modeling," PLOS ONE, Public Library of Science, vol. 8(3), pages 1-12, March.
    3. Liao, Hao & Xiao, Rui & Chen, Duanbing & Medo, Matúš & Zhang, Yi-Cheng, 2014. "Firm competition in a probabilistic framework of consumer choice," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 400(C), pages 47-56.
    4. Zhan, Xiu-Xiu & Liu, Chuang & Zhou, Ge & Zhang, Zi-Ke & Sun, Gui-Quan & Zhu, Jonathan J.H. & Jin, Zhen, 2018. "Coupling dynamics of epidemic spreading and information diffusion on complex networks," Applied Mathematics and Computation, Elsevier, vol. 332(C), pages 437-448.
    5. NEGOTIU Calin, 2012. "The Unknown / Known Economic And Financial Crisis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 549-553.
    6. Medo, Matúš & Zhang, Yi-Cheng, 2008. "Market model with heterogeneous buyers," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(12), pages 2889-2908.
    7. Zhang, Yi-Cheng, 2005. "Supply and demand law under limited information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 350(2), pages 500-532.
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    Cited by:

    1. Guanghui Yuan & Zhiqiang Liu & Yaqiong Wang & Dongping Pu, 2023. "Market Demand Optimization Model Based on Information Perception Control," Mathematics, MDPI, vol. 11(3), pages 1-16, February.

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