Satiated Consumers: Allocation of Consumption Time in an Affluent Society

Wolfgang Fellner, Roman Seidl

Publikation: Beitrag in FachzeitschriftArtikelBegutachtung

Abstract

Based on Ian Steedman s seminal contribution Consumption Takes Time , we propose a formal activity-based model for consumer behaviour. The model simultaneously incorporates choices over consumption time, as well as quantities and qualities of products consumed. We identify and examine preconditions for satiation with products and draw implications for economic policy. Satiation with products explains the limited effects of price or income changes on demand and questions the pertinence of economic growth for development. It further highlights the relevance of working time reductions for well-being.
OriginalspracheEnglisch
Seiten (von - bis)534-563
Seitenumfang30
FachzeitschriftMetroeconomica
Volume66
Issue3
DOIs
PublikationsstatusVeröffentlicht - 2015

Research Field

  • Ehemaliges Research Field - Innovation Systems and Policy

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