Economic satiation

The economic principle of Satiation

The economic principle of satiation [Andersen, Esben Sloth, in an Evolutionary Model of Structural Dynamics. Journal of Evolutionary s, Vol. 11, No. 1] can be defined as how the quantity of something you possess will affect what you are willing to give up in order to get another.

For example if you already had one hundred chocolates, then you would probably not be willing to give up too much in order to get another one: go to the store, pay for it, etc.

References

* Andersen, Esben Sloth, [http://ssrn.com/abstract=257790 Satiation in an Evolutionary Model of Structural Dynamics] . "Journal of Evolutionary Economics", Vol. 11, No. 1, 2001