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Household Production and Consumption of News-Information Services: An Empirical Study

Author

Listed:
  • Robert B. Ekelund, Jr.

    (Auburn University)

  • John Keith Watson

    (University of Southwestern Louisiana)

Abstract

A dramatic decline in newspaper consumption has been observed in recent years. This paper offers a theoretical justification for this phenomenon based on the opportunity cost of household time. A rising labor force participation rate, which proxies the opportunity cost of household production, helps explain the observed decline in newspaper consumption in a simple empirical test.

Suggested Citation

  • Robert B. Ekelund, Jr. & John Keith Watson, 1994. "Household Production and Consumption of News-Information Services: An Empirical Study," Eastern Economic Journal, Eastern Economic Association, vol. 20(1), pages 11-19, Winter.
    • Handle: RePEc:eej:eeconj:v:20:y:1994:i:1:p:11-19
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    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume20/V20N1P11_19.pdf
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    Citations

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    Cited by:

    1. Byoung-Min Kim & Richard Widdows & Tansel Yilmazer, 2005. "The determinants of consumers’ adoption of Internet banking," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.

    More about this item

    Keywords

    Household Production; Households; News; Newspapers; Service; Services;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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