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In this paper an empirical model is developed where the collective household model is used as a basic framework to … describe the time allocation problem. The collective model views household behavior as the outcome of maximizing a household … the main accent still lies on the development of theory. The novelty of this paper is that we empirically estimate the two …
Persistent link: https://www.econbiz.de/10011256665
time to different activities. In order to do so, we empirically estimate a collective household labor supply model. The … main findings are that: (1) Leisure and household income are the most important variables in the utility function of the … male; (2) Leisure, total household production and total household production interacted with family size are important …
Persistent link: https://www.econbiz.de/10011257142
In this paper we consider an empirical collective household model of time allocation for twoearnerhouseholds. The … equally weighted in the household utility function; (3)Differences in the ratio of the partners' hourly wages are explanatory … for how individualutilities are weighted in the household utility function. (4) The female's preference forhousehold …
Persistent link: https://www.econbiz.de/10011257260
establishedeconomic theory. We incorporate this model in a model forpurchase behavior. Our consumption specification, which isderived from …
Persistent link: https://www.econbiz.de/10011255825
they really love to have. While inconsistent with standard microeconomic demand theory, this behavior can be explained by … giver induces narrow bracketing in case the giver is a household member who suggests to buy a particular item using the …
Persistent link: https://www.econbiz.de/10011256075
Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...
Persistent link: https://www.econbiz.de/10011256264
We propose a consistent utility-based framework to jointly explain a household's decisions on purchase incidence, brand …
Persistent link: https://www.econbiz.de/10011256387
explanatory factors used in themeta-analysis includes variables derived from microeconomic choice theory and moderator variables …
Persistent link: https://www.econbiz.de/10011257434
paper contrasts the discovered preference hypothesis against the theory of coherent arbitrariness in a split-sample stated … limited flexibility, accepts the standard assumption underlying microeconomic theory of stable preference parameters …
Persistent link: https://www.econbiz.de/10011255753
This paper focuses on the time allocation of spouses and the impact of economic variables. We present a stylized model of the time allocation of spouses to illustrate the expected impact of wages and non-labour income. The empirical model simultaneously specifies three time-use choices -paid...
Persistent link: https://www.econbiz.de/10011255837