The Eco-Label Strategy of Green Manufacture Under the Influence of Consumers' Intrinsic Preferences

Considering two eco-label strategies, self-label and certification-label, we construct a duopoly competition model encompasses both green product and ordinary product manufacturing enterprises. By Investigating the optimal eco-label standards, we explore the product pricing, and profits for enterprises facing green-sensitive consumers and price-sensitive consumers. The we analyze the optimal eco-label selection for green enterprises in different preference markets. Research indicates that the green quality standards and product prices under certification labels are invariably higher than those under self-label. However, the choice of eco-label by enterprises is influenced by consumers' individual intrinsic preferences; in price-sensitive markets, enterprises tend to adopt self-label; In green-sensitive markets, when the value of consumers' individual intrinsic preferences is below a certain threshold, enterprises will prioritize certification labels. Additionally, the profits of enterprises in green-sensitive markets are generally higher than those in price-sensitive markets, enterprises should highlight the advantages of green quality and guide consumers to prefer green attributes more when formulating promotional strategies.

Authors

Institutions

Publication Details

Published
2024-10-06
DOI
https://doi.org/10.1109/smc54092.2024.10831988
Primary Topic
Environmental Sustainability in Business
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The Eco-Label Strategy of Green Manufacture Under the Influence of Consumers' Intrinsic Preferences

Jing Zhao, Peng Guo, Yingjie Hou
Environmental Sustainability in Business
article

The Eco-Label Strategy of Green Manufacture Under the Influence of Consumers' Intrinsic Preferences

Jing Zhao, Peng Guo, Yingjie Hou
article en

Abstract

Considering two eco-label strategies, self-label and certification-label, we construct a duopoly competition model encompasses both green product and ordinary product manufacturing enterprises. By Investigating the optimal eco-label standards, we explore the product pricing, and profits for enterprises facing green-sensitive consumers and price-sensitive consumers. The we analyze the optimal eco-label selection for green enterprises in different preference markets. Research indicates that the green quality standards and product prices under certification labels are invariably higher than those under self-label. However, the choice of eco-label by enterprises is influenced by consumers' individual intrinsic preferences; in price-sensitive markets, enterprises tend to adopt self-label; In green-sensitive markets, when the value of consumers' individual intrinsic preferences is below a certain threshold, enterprises will prioritize certification labels. Additionally, the profits of enterprises in green-sensitive markets are generally higher than those in price-sensitive markets, enterprises should highlight the advantages of green quality and guide consumers to prefer green attributes more when formulating promotional strategies.

Northwestern Polytechnical University (CN)
Openalex Percentile: Top 63%
Environmental Sustainability in Business
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

The Eco-Label Strategy of Green Manufacture Under the Influence of Consumers' Intrinsic Preferences — Jing Zhao, Peng Guo, et al. · (2024) | TGRS Research Map | TGRS