Hansen, Jørgen Drud; Molana, Hassan; Montagna, Catia; … - In: Journal of Behavioral and Experimental Economics … 41 (2012) 3, pp. 317-326
We examine how openness interacts with the coordination of consumption–leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). The latter are modelled by allowing a worker's marginal utility of...