Abstract
This chapter provides an overview of recent empirical research on market behavior towards remanufactured products. We focus on three key themes: factors influencing the differences in consumer valuation of new and remanufactured products, differences in perceived valuation of seller signals for new and remanufactured products, and impact of the presence of remanufactured products on consumer valuation of new products. The results point to the unique properties of remanufactured products and how they differ from new products. We posit that considering these findings could lead to an increase in the profit-generating capability of remanufactured products.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Agrawal V, Atasu A, van Ittersum K (2015) Remanufacturing, third-party competition and consumers’ perceived value of new products. Manag Sci 61(1):60–72
Akerlof GA (1970) The market for “lemons”: quality uncertainty and the market mechanism. Q J Econ 84(3):488–500
Atasu A, Guido V, van Wassenhove L (2008) Product reuse economics in closed-loop supply chain research. Prod Oper Manag 17(5):483–496
Boulding W, Kirmani A (1993) A consumer-side experimental examination of signalling theory. J Consum Res 20(1):111–123
Chu J, Chintagunta PK (2011) An empirical test of warranty theories in the U.S. computer server and automobile markets. J Mark 75(2):75–92
Dellarocas C (2003) The digitization of word-of-mouth: promise and challenges of online reputation mechanisms. Manag Sci 49(10):209–230
Dewan S, Hsu V (2004) Adverse selection in electronic markets: evidence from online stamp auctions. J Ind Econ 52(4):497–516
Eurostat EC (2009) The environmental goods and services sector: a data collection handbook. Technical report. http://ec.europa.eu/eurostat/documents/3859598/5910217/KS-RA-09-012-EN.PDF/01d1733e-46b6-4da8-92e6-766a65d7fd60?version=1.0
Ferguson M, Toktay LB (2006) The effect of competition on recovery strategies. Prod Oper Manag 15(3):351–368
Ferrer G, Swaminathan J (2006) Managing new and remanufactured products. Manag Sci 52(1):15–26
Ghose A (2009) Internet exchanges for used goods: an empirical analysis of trade patterns and adverse selection. MIS Q 33(2):263–291
Guide VDRJ, Li J (2010) The potential for cannibalization of new product sales by remanufactured products. Decis Sci 41(3):547–572
Guide D, van Wassenhove L (2009) The evolution of closed-loop supply chain research. Oper Res 57(1):10–18
HP (2015) Discover the benefits of refurbished products. http://www.hp.com/sbso/buspurchase_refurbished_whybuy.html.
Jacobs DL (2011) Ten secrets apple doesn’t want you to know. Forbes (October 5):63. http://onforb.es/qbi8z4
McKenna F (1984) Assimilation and contrast in perceptual judgments. Q J Exp Psychol 36(3):531–548
Mussweiler T (2003) Comparison processes in social judgement: mechanisms and consequences. Psychol Rev 110(3):472–489
Pavlou PA, Dimoka A (2006) The nature and role of feedback text comments in online marketplaces: implications for trust building, price premiums, and seller differentiation. Inf Syst Res 17(4):391–412
Soberman D (2003) Simultaneous signaling and screening with warranties. J Market Res 40(2):176–195
Souza G (2013) Closed-loop supply chains: a critical review, and future research. Decis Sci 44(1):7–38
Subramanian R, Subramanyam R (2012) Key factors in the market for remanufactured products. Manufact Service Oper Manag 14(2):315–326
Subramanian R, Subramanyam R, Tereyağoğlu N (2015) The differential effects of buyer safeguards on new and refurbished products in an online marketplace. Working paper. Scheller College of Business, Georgia Institute of Technology
UNEP (2013) Green economy and trade—trends, challenges and opportunities. Technical report. http://www.unep.org/greeneconomy/Portals/88/GETReport/pdf/Chapitre%205%20Manufacturing.pdf
USITC (2012) Remanufactured goods: an overview of the U.S. and global industries, markets, and trade. Technical report. http://www.usitc.gov/publications/332/pub4356.pdf
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Tereyağoğlu, N. (2016). Market Behavior Towards Remanufactured Products. In: Atasu, A. (eds) Environmentally Responsible Supply Chains. Springer Series in Supply Chain Management, vol 3. Springer, Cham. https://doi.org/10.1007/978-3-319-30094-8_2
Download citation
DOI: https://doi.org/10.1007/978-3-319-30094-8_2
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-30092-4
Online ISBN: 978-3-319-30094-8
eBook Packages: Business and ManagementBusiness and Management (R0)