Can consumption of convenience products reveal the opportunity cost of time?
Economics Letters, 2011, vol. 113, issue 1, 92-95
I examine how people's consumption of time-saving products can be used to estimate the shadow value of time. I use a household production model to motivate an empirical approach that can be implemented using survey data.
Keywords: Shadow; value; of; time; Time; constraints; Household; production; Latent; variable; models (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:1:p:92-95
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