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Connected objects: Economic modelling of time arbitrage

Author

Listed:
  • Anne-Sophie Billet

    (Montpellier Recherche en Economie (MRE), University of Montpellier)

  • Claire Papaix

    (Montpellier Recherche en Economie (MRE), University of Montpellier)

  • Mathias Reymond

    (Montpellier Recherche en Economie (MRE), University of Montpellier)

Abstract

The aim of this article is to propose a general analytical framework that can be transposed to different experiments and studies about individual preferences for connected objects (CO) at home. From revealed individual preferences for CO over time, as a substitute for non-connected time, we formalise a simple microeconomic optimisation model applied to two individuals assumed to share the same home. We show that individual preferences naturally seek a balance between time passed on CO, social link with the housemate and time devoted to other activities.

Suggested Citation

  • Anne-Sophie Billet & Claire Papaix & Mathias Reymond, 2024. "Connected objects: Economic modelling of time arbitrage," Economics Bulletin, AccessEcon, vol. 44(2), pages 662-671.
    • Handle: RePEc:ebl:ecbull:eb-24-00027
    as

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    References listed on IDEAS

    as
    1. Donna L Hoffman & Thomas P Novak & Eileen FischerEditor & Robert KozinetsAssociate Editor, 2018. "Consumer and Object Experience in the Internet of Things: An Assemblage Theory Approach," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 44(6), pages 1178-1204.
    2. Cyrille Genre-Grandpierre & Claude Lacour, 2023. "Introduction - Territoire(s) et Numérique," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(3), pages 375-386.
    3. Thomas P. Novak & Donna L. Hoffman, 2019. "Relationship journeys in the internet of things: a new framework for understanding interactions between consumers and smart objects," Journal of the Academy of Marketing Science, Springer, vol. 47(2), pages 216-237, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Connected objects; smart homes; time arbitrage; social interactions; wellbeing.;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • L8 - Industrial Organization - - Industry Studies: Services

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