Abstract
With the rapid development of e-commerce, the online shopping market becomes more and more competitive. How to design sales models to retain consumers and make them become continuous buying is the biggest concern of most e-commerce companies. This study was under the situation of Dutch auction model, using a large number of real auction data in Gongtianxia’s “7 days auction” and “15 min auction”. We use quantitative research method combining statistical analysis and panel data regression model, to study the influencing factors of consumers’ repeat purchase. The results show that auction methods, consumers’ perceived performance and bidding structure can affect consumers repurchase. At the same time, we established random effects regression models of the rate of consumers repurchase in 7 days and 30 days. According to the conclusion of the research in this article, we can provide some practical suggestions for Gongtianxia and a reference for other e-commerce.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Ping, H.: Wholesale market trading “new method”: dutch auction. Chinese market, (Z1), 56–57 (2004)
Petrowski, A.: A clearing procedure as a niching method for genetic algorithms. In: Proceedings of the 3rd IEEE Conference on Evolutionary Computation, pp. 798–803. IEEE Press, Piscataway (1996)
Comment, R., Jarrell, G.A.: The relative signalling power of dutch-auction and fixed-price self-tender offers and open-market share repurchases. J. Finance 46(4), 1243–1271 (1991)
Katok, E., Roth, A.E.: Auctions of homogeneous goods with increasing returns: experimental comparison of alternative dutch auctions. Manage. Sci. 50(8), 1044–1063 (2004)
Kaida, Q., Baojian, Y., Miaohua, Z., et al.: Fresh agricultural products auction market: research hotspots and new trends. J. Kunming Univ. Sci. Technol. (Nat. Sci. Ed.) 39(01), 98–109 (2014)
Guerci, E., Kirman, A., Moulet, S.: Learning to bid in sequential Dutch Auctions. J. Econ. Dyn. Control 48, 374–393 (2014)
Shneyerov, A.: An optimal slow Dutch auction. Econ. Theory 57(3), 577–602 (2014)
Hailiang, Z., Jiang, W.: Reflections on the way of flower auction trading. Market Res. 10, 59–60 (2007)
Chenhui, L.: Study on the pricing model of “Lutch auction” for the transfer of farmland contract management rights. Central South University (2012)
Ampere, Q.Y.: Mathematical problems in Dutch auctions. Neijiang Technol. 29(07), 41–42 (2008)
Jones, T.O.: Why satisfied customers defect. Harvard Bus. Rev. 73(6), 11 (1995)
Reichheld, F.F.: Learning from customer defections. Harvard Bus. Rev. 74(2), 56 (1996)
Cardozo, R.N.: An experimental study of customer effort, expectation, and satisfaction. J. Mark. Res. 2(3), 244–249 (1965)
Jones, M.A., Mothersbaugh, D.L., Beatty, S.E.: Switching barriers and repurchase intentions in services. J. Retail. 76(2), 259–274 (2000)
Oliver, R.L.: A cognitive model of the antecedents and consequences of satisfaction decisions. J. Mark. Res. 17(4), 460–469 (1980)
Khalifa, M., Lam, R.: Web-based learning: effects on learning process and outcome. IEEE Trans. Educ. 45(4), 350–356 (2002)
Acknowledgement
This work was supported by the National Natural Science Foundation of China (61472136; 61772196), the Hunan Provincial Focus Social Science Fund (2016ZDB006), Hunan Provincial Social Science Achievement Review Committee results appraisal identification project (Xiang social assessment 2016JD05) The authors gratefully acknowledge the financial support provided by the Key Laboratory of Hunan Province for New Retail Virtual Reality Technology (2017TP1026). The authors gratefully acknowledge the financial support provided by the Key Laboratory of Hunan Province for Mobile Business Intelligence (2015TP1002).
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this paper
Cite this paper
Jiang, W., Chen, J., Xu, Y., Wang, Y., Tan, L. (2019). Research on the Influence Factors of Consumer Repurchase in Dutch Auction. In: Tang, Y., Zu, Q., Rodríguez García, J. (eds) Human Centered Computing. HCC 2018. Lecture Notes in Computer Science(), vol 11354. Springer, Cham. https://doi.org/10.1007/978-3-030-15127-0_32
Download citation
DOI: https://doi.org/10.1007/978-3-030-15127-0_32
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-15126-3
Online ISBN: 978-3-030-15127-0
eBook Packages: Computer ScienceComputer Science (R0)