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directly yield utility. It is important to note that some measures of social interaction show declines while many do not. A … model of household production is employed to derive the demand for social interaction. The model shows that the demand for …) and the results show that social interaction can be explained as the consequence of utility maximizing behavior by …
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. Furthermore, we discuss how such a preference can be integrated in the modelling of utility in order to account for the …
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-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or …-pecuniary component of utility associated with each choice alternative. We develop nonparametric estimators corresponding to two …
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