Consumption time in household production: Implications for the goods-time elasticity of substitution
George Davis and
Wen You ()
Economics Letters, 2011, vol. 112, issue 2, 138-140
Under some reasonable assumptions, we show analytically that the goods-time elasticity of substitution will be greater if consumption time is not included as an input. An empirical example with food production is consistent with this result.
Keywords: Household; production; Elasticity; of; substitution; American; Time; Use; Survey; Food; purchases (search for similar items in EconPapers)
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Working Paper: Consumption Time in Household Production: Implications for the Goods-Time Elasticity of Substitution (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:2:p:138-140
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