The Technology of Joint Consumption

Laurence J. Lau

Chapter 16 in Issues in Contemporary Microeconomics and Welfare, 1985, pp 484-504 from Palgrave Macmillan

Abstract: Abstract It has frequently been asserted that ‘two can live as cheaply as one’; that is, there are economies of scale in joint consumption. Casual empiricism indicates that the existence of such economies may be plausible. For example, a one-bedroom apartment can accommodate a couple as well as a single individual. For another example, a space heater can provide warmth for one or more individuals. For still another example, a television set may be viewed simultaneously by several individuals.

Keywords: Production Function; Individual Utility; Production Possibility Frontier; Household Demand; Continuous Differentiability (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-06876-0_16

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