Everything in Moderation: Foundations and Applications of the Satiation Model
文献类型：期刊论文
| 作者 | Baucells, Manel1; Zhao, Lin2 |
| 刊名 | MANAGEMENT SCIENCE
 |
| 出版日期 | 2020-12-01 |
| 卷号 | 66期号:12页码:20 |
| 关键词 | satiation moderation instant utility design of experiential services |
| ISSN号 | 0025-1909 |
| DOI | 10.1287/mnsc.2019.3505 |
| 英文摘要 | Models in which current utility depends solely on current consumption (a.k.a. time-separable preferences) are widely acknowledged to be unrealistic, especially when attempting to describe preferences over consumption rates. Alternatively, one may stipulate that instant utility also depends on a state, for example, some stock of past consumption. Escaping the gravitational pull of time separability, however, is difficult because (1) the behavioral axioms that characterize the state and the instant utility are not known, (2) how to elicit the preference parameters-most notably the initial level of the state and the decay rate-is not known, and (3) managerial applications where state dependent preferences produce interesting insights and solutions are scarce. This paper makes advances on these three fronts by proposing a novel set of axioms that characterize the satiation model, a proof of concept on how to elicit all preference parameters using consumption rates, and a mixed-integer linear formulation to solve the optimal design of experiential services under satiation. Our preferences introduce a de-satiation motive, absent in separable preferences, and we explore how to optimally manage this motive. |
| 资助项目 | National Natural Science Foundation of China[71871212] ; National Natural Science Foundation of China[71532013] |
| WOS研究方向 | Business & Economics ; Operations Research & Management Science |
| 语种 | 英语 |
| WOS记录号 | WOS:000597955700012 |
| 出版者 | INFORMS |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/57816]  |
| 专题 | 中国科学院数学与系统科学研究院 |
| 通讯作者 | Baucells, Manel |
| 作者单位 | 1.Univ Virginia, Darden Sch Business, Charlottesville, VA 22903 USA 2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China |
| 推荐引用方式 GB/T 7714 | Baucells, Manel,Zhao, Lin. Everything in Moderation: Foundations and Applications of the Satiation Model[J]. MANAGEMENT SCIENCE,2020,66(12):20. |
| APA | Baucells, Manel,&Zhao, Lin.(2020).Everything in Moderation: Foundations and Applications of the Satiation Model.MANAGEMENT SCIENCE,66(12),20. |
| MLA | Baucells, Manel,et al."Everything in Moderation: Foundations and Applications of the Satiation Model".MANAGEMENT SCIENCE 66.12(2020):20. |
入库方式： OAI收割
来源：数学与系统科学研究院
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