Towards a Definition of Non-Market Activities

Oli Hawrylyshyn

Working Paper from Economics Department, Queen's University

Abstract: Recent attempts to value household work and other non-market activities have used a simplistic interpretation of opportunity cost of time theory. This paper attempt the development of practical definitions from basic utility theory. A household production function is posited which produces jointly non-market activities and welfare. Finally, four practical estimation methods are outline: simple opportunity cost of time; gross replacement cost; individual function replacement cost; and the production function approach.

Pages: 36
Date: 1976
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:214

Access Statistics for this paper

More papers in Working Paper from Economics Department, Queen's University Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock ().