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Consumption time in household production: Implications for the goods-time elasticity of substitution

Ranju Baral, George Davis and Wen You ()

Economics Letters, 2011, vol. 112, issue 2, 138-140

Abstract: 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)
Date: 2011
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Working Paper: Consumption Time in Household Production: Implications for the Goods-Time Elasticity of Substitution (2010) Downloads
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