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Home Improvements

In: Handbook on the Economics of Leisure

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  • Peter E. Earl
  • Ti-Ching Peng

Abstract

Surprisingly, the field of leisure economics is not, thus far, a particularly integrated or coherent one. In this Handbook a wide ranging body of international scholars get to grips with the core issues, taking in the traditional income/leisure choice model of textbook microeconomics and Becker’s allocation of time model along the way. They expertly apply economics to some usually neglected topics, such as boredom and sleeping, work–life balance, dating, tourism, health and fitness, sport, video games, social networking, music festivals and sex. Contributions from further afield by Veblen, Sctivosky and Bourdieu also feature prominently.

Suggested Citation

  • Peter E. Earl & Ti-Ching Peng, 2011. "Home Improvements," Chapters, in: Samuel Cameron (ed.), Handbook on the Economics of Leisure, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13469_10
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    File URL: https://www.elgaronline.com/view/9781848444041.00018.xml
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    References listed on IDEAS

    as
    1. Samuel Cameron (ed.), 2011. "Handbook on the Economics of Leisure," Books, Edward Elgar Publishing, number 13469.
    2. Matthew Rabin & Ted O'Donoghue, 1999. "Doing It Now or Later," American Economic Review, American Economic Association, vol. 89(1), pages 103-124, March.
    3. Andrew Leventis, 2007. "Home Improvements and Appreciation Rates Reflected in the OFHEO House Price Index," FHFA Staff Working Papers 07-02, Federal Housing Finance Agency.
    4. Peter E. Earl & Jason Potts, 2004. "The market for preferences," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(4), pages 619-633, July.
    5. Nelson, Phillip, 1970. "Information and Consumer Behavior," Journal of Political Economy, University of Chicago Press, vol. 78(2), pages 311-329, March-Apr.
    6. Shinichiro Iwata & Hisaki Yamaga, 2007. "Resale Externality and the Used Housing Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(3), pages 331-347, September.
    7. Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
    8. Tibor Scitovsky, 1981. "The Desire For Excitement In Modern Society," Kyklos, Wiley Blackwell, vol. 34(1), pages 3-13, February.
    9. Mark Aguiar & Erik Hurst, 2007. "Measuring Trends in Leisure: The Allocation of Time Over Five Decades," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(3), pages 969-1006.
    10. Gram-Hanssen, Kirsten & Bartiaux, Francoise & Michael Jensen, Ole & Cantaert, Madeleine, 2007. "Do homeowners use energy labels? A comparison between Denmark and Belgium," Energy Policy, Elsevier, vol. 35(5), pages 2879-2888, May.
    11. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    12. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    13. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
    14. Laura Lane & Anne Power & Nicola Serle, 2008. "'Teach in' on Energy and Existing Homes - restoring neighbourhoods and slowing climate change," CASE Reports casereport56, Centre for Analysis of Social Exclusion, LSE.
    15. Maggie Davidson & Philip Leather, 2000. "Choice or necessity? A review of the role of DIY in tackling housing repair and maintenance," Construction Management and Economics, Taylor & Francis Journals, vol. 18(7), pages 747-756.
    16. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-641, August.
    17. Kermit Baker & Bulbul Kaul, 2002. "Using Multiperiod Variables in the Analysis of Home Improvement Decisions by Homeowners," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(4), pages 551-566.
    18. Richard Arnott & Russell Davidson & David Pines, 1983. "Housing Quality, Maintenance and Rehabilitation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(3), pages 467-494.
    19. Darby, Michael R & Karni, Edi, 1973. "Free Competition and the Optimal Amount of Fraud," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 67-88, April.
    20. Amanda Littlewood & Moira Munro, 1997. "Moving and Improving: Strategies for Attaining Housing Equilibrium," Urban Studies, Urban Studies Journal Limited, vol. 34(11), pages 1771-1787, November.
    21. N.H. Seek, 1983. "Adjusting Housing Consumption: Improve or Move," Urban Studies, Urban Studies Journal Limited, vol. 20(4), pages 455-469, November.
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    1. Pettifor, H. & Wilson, C. & Chryssochoidis, G., 2015. "The appeal of the green deal: Empirical evidence for the influence of energy efficiency policy on renovating homeowners," Energy Policy, Elsevier, vol. 79(C), pages 161-176.

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