MEASUREMENT OF HOUSEHOLD TIME VALUE. AND ITS IMPACT ON THE DEMAND FOR BEEF AWAY-FROM-HOME

McCracken, Vicki A.

doi:10.22004/ag.econ.269991

MEASUREMENT OF HOUSEHOLD TIME VALUE. AND ITS IMPACT ON THE DEMAND FOR BEEF AWAY-FROM-HOME

Demand equations derived from household production theory stress the importance of time in household decisions.· Value of time was quantified using a method that corrects for selection bias. This study concludes that household time value, income, size and composition, and other environmental variables significantly influence beef consumption away-from-home.

Subject(s):

Consumer/Household Economics
Demand and Price Analysis
Livestock Production/Industries

Issue Date:

Aug 02 1987

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.269991

Record Identifier:

https://ageconsearch.umn.edu/record/269991

Language:

English