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- Title
Production of (Pleasant) Time by Means of (Unpleasant) Time: Some Notes on Consumption Theory and Time Use.
- Authors
Nisticò, Sergio
- Abstract
The aim of this paper is to propose an analytical framework wherein the individuals' choice problem is addressed in terms of alternative time-consuming activities rather than alternative bundles of goods and services. In particular, the paper reverses Becker's (1965, T he E conomic J ournal, 75 (299), pp. 493-517) proposal to approach the problem of time allocation by transforming the time spent in consumption into foregone earnings. The result of reversing Becker's approach is a model that represents each activity as a sort of productive process allowing pleasant time to be produced by consuming 'direct' unpleasant time plus the 'indirect' amount of unpleasant time equivalent to the market goods used up as inputs.
- Subjects
SECRETARY problem (Probability theory); CONSUMER goods; ECONOMIC Journal, The (Periodical); TIME management; MARKETING research
- Publication
Metroeconomica, 2014, Vol 65, Issue 2, p276
- ISSN
0026-1386
- Publication type
Article
- DOI
10.1111/meca.12040