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Pricing strategies for remanufacturing with government incentives.

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Title: Pricing strategies for remanufacturing with government incentives.
Authors: Hao, Hui1,2 (AUTHOR), Ran, Gang3 (AUTHOR), Liu, Hui-min1,4,5 (AUTHOR) liuhuiming@gxu.edu.cn, Han, Henry6 (AUTHOR), Gu, Qiannong7 (AUTHOR)
Source: Neural Computing & Applications. Feb2024, Vol. 36 Issue 5, p2187-2200. 14p.
Subject Terms: *PRICES, *REMANUFACTURING, *WHOLESALE prices, *TAX refunds, *RETAIL industry, *CORPORATE profits
Abstract: Government incentives play an important role in the development of the remanufacturing industry. It remains a challenge to determine an optimal policy (subsidy and/or tax refund) and how firms (manufacturers and retailers) can integrate it into their pricing decisions. We analyze the impacts of government financial incentives on manufacturers' and retailers' pricing decisions in terms of corporate profits and social welfare under different scenarios. We find that government incentives increase the recycling price and availability of used products, while the wholesale and retail prices of new products remain unchanged. Government incentives also significantly increase the manufacturer's profits and enhance social welfare. [ABSTRACT FROM AUTHOR]
Copyright of Neural Computing & Applications is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: <searchLink fieldCode="AR" term="%22Hao%2C+Hui%22">Hao, Hui</searchLink><relatesTo>1,2</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Ran%2C+Gang%22">Ran, Gang</searchLink><relatesTo>3</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Liu%2C+Hui-min%22">Liu, Hui-min</searchLink><relatesTo>1,4,5</relatesTo> (AUTHOR)<i> liuhuiming@gxu.edu.cn</i><br /><searchLink fieldCode="AR" term="%22Han%2C+Henry%22">Han, Henry</searchLink><relatesTo>6</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Gu%2C+Qiannong%22">Gu, Qiannong</searchLink><relatesTo>7</relatesTo> (AUTHOR)
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  Data: *<searchLink fieldCode="DE" term="%22PRICES%22">PRICES</searchLink><br />*<searchLink fieldCode="DE" term="%22REMANUFACTURING%22">REMANUFACTURING</searchLink><br />*<searchLink fieldCode="DE" term="%22WHOLESALE+prices%22">WHOLESALE prices</searchLink><br />*<searchLink fieldCode="DE" term="%22TAX+refunds%22">TAX refunds</searchLink><br />*<searchLink fieldCode="DE" term="%22RETAIL+industry%22">RETAIL industry</searchLink><br />*<searchLink fieldCode="DE" term="%22CORPORATE+profits%22">CORPORATE profits</searchLink>
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  Data: Government incentives play an important role in the development of the remanufacturing industry. It remains a challenge to determine an optimal policy (subsidy and/or tax refund) and how firms (manufacturers and retailers) can integrate it into their pricing decisions. We analyze the impacts of government financial incentives on manufacturers' and retailers' pricing decisions in terms of corporate profits and social welfare under different scenarios. We find that government incentives increase the recycling price and availability of used products, while the wholesale and retail prices of new products remain unchanged. Government incentives also significantly increase the manufacturer's profits and enhance social welfare. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Neural Computing & Applications is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1007/s00521-023-08804-6
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        Text: English
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      – SubjectFull: PRICES
        Type: general
      – SubjectFull: REMANUFACTURING
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      – SubjectFull: WHOLESALE prices
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      – SubjectFull: TAX refunds
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      – SubjectFull: RETAIL industry
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              Text: Feb2024
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              Y: 2024
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