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Record W2528481833

Evaluating Loyalty Programs with Endogenous Redemption

2016· article· en· W2528481833 on OpenAlexaboutno aff
Mihaela Alina Nastasoiu

Bibliographic record

VenueScholarship@Western (Western University) · 2016
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicCustomer Service Quality and Loyalty
Canadian institutionsnot available
Fundersnot available
KeywordsLoyaltyBusinessMarketingEconomics
DOInot available

Abstract

fetched live from OpenAlex

Evaluating the capacity of consumer loyalty programs to generate additional sales is essential for marketers who run such programs. However, customers' self-selection into the loyalty programs makes this evaluation difficult. This is the case especially in set-ups where the reward is not granted automatically upon achieving a certain number of points. In the case of automatic rewards, marketing theory predicts that points accumulation accelerates as consumers approach the threshold of necessary points for the reward, and is also boosted after the redemption, in what is called `the rewarded behavior effect'. In this thesis I use these insights to develop two models for evaluating loyalty programs where the rewards are not granted automatically. The first model applies to programs where consumers use the accumulated points like cash, for day-to-day expenses, while the second applies to programs where consumers use the points for non-ordinary treats, which on average are much larger. I estimate the parameters of both models using data provided by AIR MILES, Canada's largest coalition loyalty program. I show how sample heterogeneity and the non-random timing of the reward cash-in can be confounded with true loyalty program effects and I tease apart these effects to obtain non-biased estimates of program profitability. I use the model insights to suggest ways in which AIR MILES can change the program to further boost its profitability, contingent on retailers' contribution margins. The dissertation advances the literature by developing structural models for set-ups where retailers do not impose automatic redemptions upon consumers.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.009
metaresearch head score (Gemma)0.048
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.020
Threshold uncertainty score0.049

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0090.048
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0010.001
Scholarly communication0.0030.004
Open science0.0020.002
Research integrity0.0020.003
Insufficient payload (model declined to judge)0.0050.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.232
GPT teacher head0.336
Teacher spread0.103 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2016
Admission routes1
Has abstractyes

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