文章基本信息

标题：Impact of Quality Certification on Used Merchandise Transaction Behavior in Developing Countries, Involving Retailers and Consumers
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作者：Syed Abdul Rehman Khan ; Adeel Shah
期刊名称：Open Journal of Social Sciences
印刷版ISSN：2327-5952
电子版ISSN：2327-5960
出版年度：2021
卷号：9
期号：10
页码：456-464
DOI：10.4236/jss.2021.910032
语种：English
出版社：Scientific Research Publishing
摘要：The trade-in of used merchandise globally is high, as it allows the consumer to satisfy their needs at a lesser price. As the category grows over time, the quality requirement and assurance are also increasing and supported with relevant quality certification. For understanding the quality certification in used merchandise, the paper explores the evolutionary process of the phenomena. The research attempts to create an evolutionary game model encompassing retailers and consumers trading used merchandise. Further, the model used for the analysis assumes that retailers have examined and repair the (E and R) capability of the used inventory. The model suggests that purchase and selling prices do not affect the stable evolutionary strategy (ESS); however, the cost of quality certification significantly impacts the model. The E and R capability of retailers impact the transaction as it reduces the price of used merchandise. The transaction cost and utility of the merchandise are motivating factors for the used market. Based on the research outcomes, government regulators should participate in the used merchandise transaction by providing a low-cost quality certification. The governmental authorities should intercede to offer a fair environment for both retailers and consumers and earn revenue as a minimum fee on the transaction.
关键词：Used Merchandise;Certification;Transactions;Game Theory