To date, researches on agent multi-issue negotiation are mostly based on linear utility functions. However, the relationship between utilities and resources is usually saturated nonlinear. To this end, we expand linear utility functions to nonlinear cases according to the law of diminishing marginal utility. Furthermore, we propose a negotiation model on multiple divisible resources with two ph...

This paper investigates the antecedents of member retention for virtual communities. This research theorizes the motivating mechanism from both perspectives of the information seekers and providers. Four antecedents communication breadth, depth, responsiveness, and cross-posting have a statistically significant influence on member retention. Furthermore, we have found that communication breadth...

A Theory of Demand for Gambles Although gambling is primarily an economic activity, no single theory of the demand for gambles has gained wide-spread acceptance among economists. This paper proposes a simple model of the demand for gambling that is based on the standard economic assumptions that (1) resources are scarce and (2) consumer’s utility increases with income at a decreasing rate. This...

Recent finding by Tully, Hershfield, and Meyvis (JCR 2015) that making people feel more financially constrained shifts their demand towards durable goods is consistent with some but not all standard microeconomic models of consumer behavior. This paper provides an easily verifiable sufficient condition for the underlying utility function to produce the observed preferences: marginal utility dim...

EU enlargement revives the debate around the participation to the EMU. We use a gravity model to see whether informal barriers have changed over a ten-year period covering the creation of the EMU, and whether their impact on European member countries’ agricultural and food trade has been modified. We find that it has led to lower information costs. We observe a diminishing marginal trade impact...

Desire is dynamic in that enjoyment and wanting typically decline as one repeatedly consumes the same thing. This consequence of satiation arises in many fields, including economics (diminishing marginal utility), psychology (adaptation, habituation), food sciences (nutritional needs), advertising (wearout), and well-being (hedonic treadmill). Although researchers have often viewed satiation as...

Drawing on the organizational learning literature, we posited that both general, diverse-partner experience and partner-specific experience contribute to alliance performance, but at a declining rate. We tested hypotheses in unique data on the objective performance of projects between large pharmaceutical firms and biotechnology partners. The general alliance experience of the biotechnology par...

The relationship between quality of care and the cost of the nursing workforce is of concern to policymakers. This study assesses the evidence for a relationship between the nursing workforce and patient outcomes in the acute sector through a systematic review of international research produced since 1990 involving acute hospitals and adjusting for case mix. Twenty-two large studies of variable...

This paper presents a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity. It is essentially a competitive equilibrium model with endogenous technological change. In contrast to models based on diminishing returns, growth rates can be increasing over time, the effects of small disturbances can be amplified...

This chapter describes an empirical analysis of the mediating effects of supply chain coordination strategy and manufacturing IT infrastructure on the relationship between business complexity and inventory turnover. Business complexity describes the diversity and volatility associated with a firm’s product markets. To cope with this complexity, firms deploy inventory buffers. This deployment sh...