García, Jaume; Lera-López, Fernando; Suárez, María José - In: Journal of Sports Economics 12 (2011) 5, pp. 515-537
The aim of this article is to extend the standard neoclassical consumer theory to explain the allocation of individual time to physical activity and sports. The authors assume a Constant Elasticity of Substitution (CES) utility function and they estimate the model using the Seemingly Unrelated...