Economic Explanation of the "Customer Shopping" Phenomenon in 188bet game

Cultural 188bet game Benefits Author of 188bet game article: Zhang Qianye 2018-01-23
I have no intention of defending the rip-off behavior of merchants in Xuexiang, Northeast China,But I am trying to argue that 188bet game is a behavior that can be explained by economics,And 188bet game behavior is likely to occur in other regions。

As a Northeasterner,I admit 188bet game is a biased article。

See it from several recent news,The Snow Village in Northeast China (near my home city) has repeatedly seen merchants rip off customers - tourists who successfully booked hotels online were forced to change room types by merchants、Price increase,Some tour guides threaten tourists、Bad words。I have no intention of justifying the above evil deeds,But here I am trying to argue that the phenomenon of robbing customers in the Northeast is more of a behavior that can be explained by economics,And 188bet game behavior is likely to occur in other regions。In other words,The identity of "Northeasterners" should not be solely responsible for "robbing customers"。

First,The above-mentioned fraudulent behavior of merchants against tourists,There is a popular psychological hypothesis - the businessman thinks,188bet game kind of transaction is a "one-shot deal",That is, the merchant does not expect the same tourist to come to Xuexiang for the second time。188bet game expectation is theoretically in line with the mentality of tourists - as a tourist,I usually don’t choose a place I’ve been to before for my next trip。188bet game expectation will lead merchants to default to a one-shot deal (single game) between themselves and individual tourists,In 188bet game case,Assume that the merchant chooses to commit fraud and the income is 100,The cost of breach of contract without penalty is 0,The income from cooperation (i.e. fulfilling the contract) is 50,You must choose fraud。

The above situation does not only apply to Northeast China,It is widely found in various locations where “repeat customers” are not expected,For example, Lijiang, Yunnan, where there have been many cases of beatings by tour guides, and Qingdao, which is famous for its 38 yuan prawns,Not to mention the small restaurant next to the highway that changed its name in a few years、Temporary overnight hotels near the train station, etc.。For Xuexiang,A more specific one、An important factor that strengthens this "one-and-done deal" mentality is the seasonality of the Xuexiang 188bet game market - tourists only come in winter,Local businesses only have the opportunity to make a fortune in two or three months a year,It adds to the uncertainty of merchants’ expectations for customer flow and the speculative psychology it triggers。

Secondly,Merchant has incomplete information problem regarding customer flow expectations,The so-called "short-sightedness"。"Short-sighted" 188bet game from my perspective as a Northeasterner,Can provide a cost-benefit analysis explanation based on local contextual understanding。

First, businesses have short life expectancy of property rights in their own properties,That is, as a merchant,I don’t want to make 188bet game inn a century-old hotel,So we won’t invest a lot of money,Therefore,The cost allocated to each customer should be reduced as much as possible。Why not be a century-old store?First-tier cities are rich in various resources and opportunities,Young people are fleeing the Northeast,Who will I pass it on to in a hundred years?

The second is that merchants have incomplete understanding of the market。Businessmen did not expect that tourists would visit Hokkaido, Japan, besides Xuexiang、Russia、Various differentiated choices such as Northern Europe。This is related to the status of "Northeast China" as a long-term monopoly on ice and snow 188bet game products in China's domestic 188bet game market and the inertia of merchants caused by the monopoly,Enterprises lack sufficient motivation to improve service quality。An alternative explanation is,Even if businesses clearly realize that ice and snow products are competitive in the international market,But since Xuexiang’s peak season income only accounts for a small part of the merchant’s total income as an individual,Therefore, merchants will not invest too much energy in doing business in Xuexiang。With no penalty cost,Every customer sold is a net profit,Why not。

188bet game involves using systems to regulate business behavior。Unfortunately,In a society where the rule of law is not prosperous and independent yet places great emphasis on human relationships,Local regulators and businesses often have unclear interests.,188bet game relationship can even form a path dependency in the long run,Increase administrative and political costs of reform,Becoming a resistance to reform。However, there is a lack of effective institutional punishment for malfeasance in regulatory authorities - whether malfeasance is included in the KPI of official promotion assessment?Is administrative ability the main consideration for promotion?

The above explanation is entirely based on my primary economic explanation as a Northeastern person’s observation of local ecology。From the question, we can give several theoretically very technically feasible suggestions、But in reality, there are very administrative and political challenges: for example,In the short term, technical means can be added to the online booking service platform,Reveal the merchant’s business history,In order for customers to judge the merchant’s expectations and investment in its own industry,And establish third-party supervision of the network platform;In the medium and long term, business behavior can be adjusted by changing business expectations,For example, let more local businesses make a living outside of winter,How to develop summer 188bet game resources,Enable merchants to have long-term expectations for their own industry and reputation,And then willing to invest in additional services and hardware facilities,Those who have perseverance have perseverance。Last,Local governments should encourage and ensure “constant production”,Provide security of property rights;At the same time strengthen 188bet game market supervision,Increase the cost of fraud。And the institutional incentives of local government itself,And the rule of law without interference,More thorough arrangements need to be made at the institutional level。

*188bet gameWen LaiSource: FT Chinese website, 188bet game: Zhang QianyeOriginal title: "Economic Explanation of the "Customer Shopping" Phenomenon in 188bet game》.

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