Can consumption of convenience products reveal the opportunity cost of time?

Economics Letters

Volumn 113, Issue 1, 2011, Pages 92-95

  Phaneuf, Daniel J ^a  

^a NORTH CAROLINA STATE UNIVERSITY   (United States)

Author keywords

Household production; Latent variable models; Shadow value of time; Time constraints

Indexed keywords

EID: 80051713653     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2011.06.005     Document Type: Article

References (5)

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3. Heckman J.J. Shadow prices, market wages, and labor supply. Econometrica 1974, 42:679-694.
4. Palmquist R., Phaneuf D.J., Smith V.K. Short run constraints and the increasing marginal value of time in recreation. Environmental and Resource Economics 2010, 46:679-694.
5. Spencer J. How much is your time worth?. The Wall Street Journal 2003, 26:D1.