Open Access Journal Article

Game Analysis on the effect of consumer coupons and its impact on CPI

by Xiuhai Huang a  and  Ping Yu a,* orcid
a
School of Data Sciences, Zhejiang University of Finance and Economics, Hangzhou, China
*
Author to whom correspondence should be addressed.
JES  2023 1(2):8; https://doi.org/10.58567/jes01020001
Received: 21 February 2023 / Accepted: 26 July 2023 / Published Online: 14 August 2023
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Abstract

According to economic theory and common sense, the issuance of consumption coupons on one hand stimulated the increasing of residents' consumption, but on the other pushed up the price level. In this paper, using the theory of mechanism design, the game model was built to analyze the relationship between the effect of consumer coupons during the epidemic and the number of merchants participated. The results show that the smaller the merchants’ number, the weaker the coupons’ effect, vice versa. Then, using KNN regression method, combined with the monthly year-on-year data of CPI from 1998 to 2020, this paper analyzes the changes of CPI forecast value and actual value in the first 10 months of 2020, finding that the actual value of CPI is higher than the predicted one during the first two months of 2020, but lower from March 2020 on, which further verifies the conclusion of game analysis.

Keywords: COVID-19; Consumer coupon; CPI; Mechanism design; KNN regression;
Copyright: © 2023 by Huang and Yu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Huang, X.; Yu, P. Game Analysis on the effect of consumer coupons and its impact on CPI. Journal of Economic Statistics, 2023, 1, 8. https://doi.org/10.58567/jes01020001
AMA Style
Huang X, Yu P. Game Analysis on the effect of consumer coupons and its impact on CPI. Journal of Economic Statistics; 2023, 1(2):8. https://doi.org/10.58567/jes01020001
Chicago/Turabian Style
Huang, Xiuhai; Yu, Ping 2023. "Game Analysis on the effect of consumer coupons and its impact on CPI" Journal of Economic Statistics 1, no.2:8. https://doi.org/10.58567/jes01020001
APA style
Huang, X., & Yu, P. (2023). Game Analysis on the effect of consumer coupons and its impact on CPI. Journal of Economic Statistics, 1(2), 8. https://doi.org/10.58567/jes01020001

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