MEASUREMENT OF HOUSEHOLD TIME VALUE. AND ITS IMPACT ON THE DEMAND FOR BEEF AWAY-FROM-HOME
Vicki McCracken
No 269991, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
Demand equations derived from household production theory stress the importance of time in household decisions.· Value of time was quantified using a method that corrects for selection bias. This study concludes that household time value, income, size and composition, and other environmental variables significantly influence beef consumption away-from-home.
Keywords: Consumer/Household Economics; Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 16
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:269991
DOI: 10.22004/ag.econ.269991
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