Relaxing the loyalty condition in the Colombo/Morrison model

Relaxing the loyalty condition in the Colombo/Morrison model

0.00 Avg rating0 Votes
Article ID: iaor1990445
Country: United States
Volume: 8
Issue: 1
Start Page Number: 1
End Page Number: 7
Publication Date: Dec 1989
Journal: Marketing Science
Authors:
Abstract:

This note derives the Colombo/Morrison ‘hard-core loyal/potential switcher’ model without assuming the existence of either hard-core loyals or potential switchers. It only assumes that the relative probability of buying a product other than what one purchased previously is independent of this previous purchase. This result significantly extends the applicability of the Colombo/Morrison model.

Reviews

Required fields are marked *. Your email address will not be published.