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This article uses the multinomial modeling technique (Batchelder 1998) to decompose the brand-switching matrix of the RLZ model and produces conditional probabilities for alternative decision outcomes (Rust, Lemon, and Zeithaml 2004; Rust, Lemon, and Narayandas 2005). It then links the probabilities...
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We develop a model of firm size, based on the hypothesis that consumers are "locked in" because of search costs, with firms they have patronized in the past. As a consequence, older firms have a larger clientele and are able to extract higher profits. The equilibrium of this model yields: (i) A...
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very little attention in the literature on corruption. I study a model of corruption with incomplete information in which … consumers require a government service from officials who may be corrupt. A victim of corruption can report corrupt officials to … which no one reports corruption regardless of the proportion of honest supervisors although all lower-ranking officials are …
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very little attention in the literature on corruption. I study a model of corruption with incomplete information in which … consumers require a government service from officials who may be corrupt. A victim of corruption can report corrupt officials to … which no one reports corruption regardless of the proportion of honest supervisors although all lower-ranking officials are …
Persistent link: https://www.econbiz.de/10009764417