Sayman, Serdar; J. Hoch, Stephen - In: European Journal of Marketing 48 (2014) 3/4, pp. 617-640
Purpose – A loyalty program might influence buyer behavior in several ways. Prior research offers evidence that buyers … might increase the frequency of purchases and volume per occasion in a loyalty program; however, the effect on buyers' price … offering a loyalty program reward. Design/methodology/approach – An analytical model of dynamic consumer choice is developed …