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Live streaming mode selection strategy under the background of virtual anchor supplementation
Shizhen Bai1, Xiujin Gu1, Na Xu2
1School of Management, Harbin University of Commerce, Harbin, China.
Virtual anchors enhance live streaming e-commerce by optimizing mode selection. The best strategy depends on factors like consumer sensitivity and market share, balancing influencer appeal with cost-effectiveness.
Area of Science:
- E-commerce strategies
- Live streaming analytics
- Game theory applications
Background:
- Live streaming e-commerce increasingly uses human anchors.
- Virtual anchors offer potential cost and operational advantages.
- Optimal live streaming mode selection remains a challenge.
Purpose of the Study:
- To integrate virtual anchors into live streaming mode selection strategies.
- To model four distinct live streaming modes considering anchor characteristics and costs.
- To determine optimal strategies using Stackelberg game theory.
Main Methods:
- Developed a model for four live streaming modes (merchant, influencer, virtual anchor, combined).
- Incorporated anchor characteristics and live streaming costs into the model.
- Applied Stackelberg game theory to analyze strategic interactions.
Main Results:
- Live streaming prices correlate positively with cross-price elasticity, market share, and consumer sensitivity.
- Optimal mode varies: influencer anchors for low market share/elasticity; merchant-virtual anchor for high.
- Merchant mode optimal for low consumer sensitivity; influencer-virtual anchor for high sensitivity.
Conclusions:
- Virtual anchors can be strategically integrated to optimize live streaming e-commerce.
- Mode selection is contingent on market dynamics (elasticity, share) and consumer behavior.
- Hybrid strategies combining human and virtual anchors offer advantages in specific scenarios.
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