英文摘要 |
The purpose of this paper is to analyze the optimal product and distribution channel strategies for imperfectly competitive firms. The emergence of the Internet provides a new form of distribution channels for firms. The Internet channel allows consumers who can access the Internet to save their shopping cost by purchasing products on the Net. Also with the prevalence of the Internet, firms may consider whether to add some web attribute to their basic products in order to meet the extended needs of their customers on the Net. For example, a marketer can add some web attribute to a computer game so that consumers can play with each other on the Net, thus increasing the valuation of online users to the product. The objectives of this paper are two-fold. First, we want to study how the competing firms’ product strategies affect their channel and pricing strategies. Second, we want to study how the equilibrium product strategy depends on the proportion of the Internet users, the utility of Internet users attached to the web attribute, and the efficiency of the Internet channel relative to the conventional channel. Many researchers and practitioners have been interested in the impacts of the Internet on marketing strategies. However, most studies focus either on pricing strategy or on product strategy despite both strategies are closely related to marketers’ channel choices. This paper considers the firms’ product, distribution channel and pricing strategies simultaneously to capture the interactions among them. In this way, we are able to derive the equilibrium product strategy of competing firms which takes into account the effects of product strategies on firms’ channel and pricing strategies. Thus under a game-theoretic framework, we consider two firms simultaneously choose first whether to add an on-online attribute to their products, then their distribution channel strategies (pure offline, pure online or dual channels), and finally their prices. Assuming the utility attached to the web attribute by Internet consumers is moderate, we find that when the product advantage created by the web attribute and the disadvantage of the offline channel do not differ significantly, in equilibrium one firm may give up the web attribute to differentiate itself from its rival. When it happens, under some parameter conditions (to be explained below), the firm offering the product with the web attribute adopts the conventional channel while the one offering the product without the web attribute adopts the Internet channel. First note that when the utility of Internet users attached to the web attribute is moderate, neither firm is able to capture all Internet users by its product advantage (i.e., having the web attribute) or by its channel advantage (i.e., adopting the Internet channel) to Internet users. In this situation, the firm offering the product without the web attribute adopts the pure online channel to soften the competition with its rival by giving up offline users to its rival. As for the firm offering the product with the web attribute, its channel choice depends on the proportion of offline users relative to that of Internet users and the disadvantage of the offline channel. If the disadvantage of the offline channel (i.e., the extra shopping cost consumers incur at the offline channel) is low enough and/or the relative proportion of offline users is high enough, the firm offering the product with the web attribute can charge a higher price to Internet users when adopting the pure-offline channel than when adopting dual channels; the higher the utility attached to the web attribute by Internet users, the more likely in equilibrium the firm with product advantage (i.e., offering the product with the web attribute) adopts the pure-offline channel to soften the competition in the Internet market and increase its profits. |