Connected objects: Economic modelling of time arbitrage

Anne-Sophie Billet (), Claire Papaix () and Mathias Reymond ()
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Anne-Sophie Billet: Montpellier Recherche en Economie (MRE), University of Montpellier
Claire Papaix: Montpellier Recherche en Economie (MRE), University of Montpellier
Mathias Reymond: Montpellier Recherche en Economie (MRE), University of Montpellier

Economics Bulletin, 2024, vol. 44, issue 2, 662 - 671

Abstract: The aim of this article is to propose a general analytical framework that can be transposed to different experiments and studies about individual preferences for connected objects (CO) at home. From revealed individual preferences for CO over time, as a substitute for non-connected time, we formalise a simple microeconomic optimisation model applied to two individuals assumed to share the same home. We show that individual preferences naturally seek a balance between time passed on CO, social link with the housemate and time devoted to other activities.

Keywords: Connected objects; smart homes; time arbitrage; social interactions; wellbeing. (search for similar items in EconPapers)
JEL-codes: D1 L8 (search for similar items in EconPapers)
Date: 2024-06-30
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