2022
DOI: 10.1155/2022/5220654
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A Dynamic CGE Model for Consumer Trust Mechanism within an E-Commerce Market

Abstract: This study aims to use the computable general equilibrium (CGE) model to evaluate the economic consequences of foreign direct online purchases on the chain economy and to forecast the future development of e-commerce. We expected that international online direct shopping reduced transaction costs in two ways: duty equivalent were reduced, and direct import prices were reduced. The development of e-commerce markets for products, services, and information is important for consumer trust. Customers are becoming m… Show more

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Cited by 3 publications
(3 citation statements)
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“…Lin et al [8] used univariate evolutionary fuzzy clustering algorithm and perceived trust model to analyze the dynamic trust mechanism of individual consumers in rural financial market, and proved that trust, customer satisfaction, and service quality are positively correlated. Wang [9] used a computable general equilibrium model to analyze the dynamic trust mechanism of individual customers in the financial inclusion market, so as to accurately assess the trust degree of individual consumers. Brychko et al [10] carefully researched the mediating effect of financial sector trust crisis on macroeconomic stability indicators, and concluded that the interest, credit, and monetary channels of monetary policy transmission mechanism can be used to deal with the erosion of financial sector trust crisis on macroeconomic stability conclusion.…”
Section: Trust Mechanismmentioning
confidence: 99%
“…Lin et al [8] used univariate evolutionary fuzzy clustering algorithm and perceived trust model to analyze the dynamic trust mechanism of individual consumers in rural financial market, and proved that trust, customer satisfaction, and service quality are positively correlated. Wang [9] used a computable general equilibrium model to analyze the dynamic trust mechanism of individual customers in the financial inclusion market, so as to accurately assess the trust degree of individual consumers. Brychko et al [10] carefully researched the mediating effect of financial sector trust crisis on macroeconomic stability indicators, and concluded that the interest, credit, and monetary channels of monetary policy transmission mechanism can be used to deal with the erosion of financial sector trust crisis on macroeconomic stability conclusion.…”
Section: Trust Mechanismmentioning
confidence: 99%
“…The model facilitated the simulation of different policy scenarios and their economic impacts, demonstrating how staggered increases in PV investment could accelerate industry development while minimizing economic growth impact. Further, dynamic trust mechanisms in financial inclusion markets were analyzed using a CGE model to achieve equilibrium in the rural financial sector, ensuring stable development [23]. These models have been applied at the country level for estimating reactions to technological changes, policy shifts, or external shocks like climate risks, global price changes, and recessions.…”
Section: Dynamic Agems As Tools For the Optimization In Strategic Dec...mentioning
confidence: 99%
“…According to the customer pain points, there are partial adaptation and inconsistency items, which can be improved in order to alleviate customer pain points [47,48]. For example, the dog sitter fails to report the current situation of the dog, causing the dog owner to worry; Rover.com should set up an active notification mechanism to remind the dog sitter to report the situation every day to reassure the dog owner.…”
Section: If the Customer's Pain Point Fails To Achieve The Adaptation...mentioning
confidence: 99%