A general two-constraint model of consumer demand
We generalise a two-constraint model of consumer demand so as to make utility a function of both consumption of the good and the time allocated to consumption, to accommodate the fact that the consumer may derive utility from the time spent acquiring and/or consuming the good. We use the comparative static results to specify demand systems consistent with this theory and develop an econometric approach to estimate the demand parameters. The model is used to obtain empirical demand functions for customers visiting pick-your-own fruit farms, where customers choose between harvesting fruit themselves and buying pre-harvested fruit on the farm. Oxford University Press and Foundation for the European Review of Agricultural Economics 2010; all rights reserved. For permissions, please email email@example.com, Oxford University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 37 (2010)
Issue (Month): 4 (December)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.erae.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|