Rise of Second-hand Trading Platform Analyzed from Perspective of Microeconomics

Authors

  • Haoxuan Feng

DOI:

https://doi.org/10.62051/ijgem.v2n1.33

Keywords:

Second-hand trading platform, Market structure Price decision, Consumer behavior, eBay and Xianyu

Abstract

With the rapid development of Internet technology and the popularity of mobile devices, second-hand goods trading platform has gradually become a concerned market. The objective of this paper is to study the market structure, price decision and consumer behavior of second-hand goods trading platforms, aiming at providing reference for the development of the industry. The research takes a specific second-hand trading platform as an example and applies micro-economic theory to analyze the influence of factors such as the supply and demand relationship and price sensitivity on market competition, price strategy and consumer behavior. High-quality academic literature will also be introduced in this study to provide theoretical support for subsequent research.

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References

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Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1979). Anomalies: The endowment effect, loss aversion, and status quo bias. Journal of Economic Perspectives, 5(1), 193-206.

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Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: Heuristics and biases. Science, 185(4157), 1124-1131.

Varian, H. R. (2014). Intermediate microeconomics: A modern approach (9th ed.). W. W. Norton & Company.

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Published

28-01-2024

Issue

Section

Arcicles

How to Cite

Feng, H. (2024). Rise of Second-hand Trading Platform Analyzed from Perspective of Microeconomics. International Journal of Global Economics and Management, 2(1), 260-267. https://doi.org/10.62051/ijgem.v2n1.33