IDEAS home Printed from https://ideas.repec.org/p/ags/aaea10/61184.html
   My bibliography  Save this paper

Consumption Time in Household Production: Implications for the Goods-Time Elasticity of Substitution

Author

Listed:
  • Baral, Ranju
  • Davis, George C.
  • You, Wen

Abstract

The relationship between the goods-time elasticity of substitution with consumption time as an input and the goods-time elasticity of substitution without consumption time as an input is derived analytically. Under some reasonable assumptions, the goods-time elasticity of substitution is shown to be greater if consumption time is not included as an input. An empirical example of food production for single headed households is consistent with this result and indicates the goods-time elasticity of substitution is about 60% greater when consumption time is not included as an input than when it is included.

Suggested Citation

  • Baral, Ranju & Davis, George C. & You, Wen, 2010. "Consumption Time in Household Production: Implications for the Goods-Time Elasticity of Substitution," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61184, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea10:61184
    DOI: 10.22004/ag.econ.61184
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/61184/files/AAEA_2010_poster.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.61184?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Hamermesh, Daniel S., 2007. "AJAE Appendix: Time to Eat: Household Production Under Increasing Income Inequality," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 89(4), pages 1-8, November.
    2. Murphy, Kevin M & Topel, Robert H, 2002. "Estimation and Inference in Two-Step Econometric Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 88-97, January.
    3. Charles Blackorby & Daniel Primont & R. Russell, 2007. "The Morishima gross elasticity of substitution," Journal of Productivity Analysis, Springer, vol. 28(3), pages 203-208, December.
    4. George C. Davis & C. Richard Shumway, 1996. "To Tell the Truth about Interpreting the Morishima Elasticity of Substitution," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 44(2), pages 173-182, July.
    5. Hamermesh, Daniel S., 2008. "Direct estimates of household production," Economics Letters, Elsevier, vol. 98(1), pages 31-34, January.
    6. Pollak, Robert A & Wachter, Michael L, 1975. "The Relevance of the Household Production Function and Its Implications for the Allocation of Time," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 255-277, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carla Canelas & François Gardes & Philip Merrigan & Silvia Salazar, 2019. "Are time and money equally substitutable for all commodity groups in the household’s domestic production?," Review of Economics of the Household, Springer, vol. 17(1), pages 267-285, March.
    2. Juan Du & Takeshi Yagihashi, 2017. "Goods–Time Elasticity of Substitution in Health Production," Health Economics, John Wiley & Sons, Ltd., vol. 26(11), pages 1474-1478, November.
    3. Tamar Khitarishvili & Fernando Rios Avila & Kijong Kim, 2015. "Direct Estimates of Food and Eating Production Function Parameters for 2004–12 Using an ATUS/CE Synthetic Dataset," Economics Working Paper Archive wp_836, Levy Economics Institute.
    4. Davis, George C. & You, Wen, 2013. "Estimates of returns to scale, elasticity of substitution, and the thrifty food plan meal poverty rate from a direct household meal production function," Food Policy, Elsevier, vol. 43(C), pages 204-212.
    5. repec:ags:aaea22:335662 is not listed on IDEAS
    6. Scharadin, Benjamin, 2022. "The efficacy of the dependent care deduction at maintaining diet quality," Food Policy, Elsevier, vol. 107(C).
    7. George Davis, 2014. "Food at home production and consumption: implications for nutrition quality and policy," Review of Economics of the Household, Springer, vol. 12(3), pages 565-588, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carla Canelas & François Gardes & Philip Merrigan & Silvia Salazar, 2019. "Are time and money equally substitutable for all commodity groups in the household’s domestic production?," Review of Economics of the Household, Springer, vol. 17(1), pages 267-285, March.
    2. George Davis, 2014. "Food at home production and consumption: implications for nutrition quality and policy," Review of Economics of the Household, Springer, vol. 12(3), pages 565-588, September.
    3. Shigeru Matsumoto & Thunehiro Otsuki, 2022. "Who changed food consumption behavior after the COVID-19 pandemic? Empirical analysis of Japanese household spending panel data," Working Papers e173, Tokyo Center for Economic Research.
    4. Short, Gianna & Peterson, Hikaru, 2016. "Does time spent preparing food affect consumers’ food choices?," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 244990, Agricultural and Applied Economics Association.
    5. Xiang, Di & Zhan, Lue & Bordignon, Massimo, 2020. "A reconsideration of the sugar sweetened beverage tax in a household production model," Food Policy, Elsevier, vol. 95(C).
    6. Harley Frazis & Jay Stewart, 2012. "How to Think about Time-Use Data: What Inferences Can We Make about Long- and Short-Run Time Use from Time Diaries?," Annals of Economics and Statistics, GENES, issue 105-106, pages 231-245.
    7. Massimo Bordignon & Di Xiang & Lue Zhan, 2018. "Predicting the Effects of a Sugar Sweetened Beverage Tax in a Household Production Model," DISCE - Working Papers del Dipartimento di Economia e Finanza def075, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    8. Fabrice Etilé & Marie Plessz, 2018. "Women’s employment and the decline of home cooking: Evidence from France, 1985–2010," Review of Economics of the Household, Springer, vol. 16(4), pages 939-970, December.
    9. Lucas W. Davis, 2008. "Durable goods and residential demand for energy and water: evidence from a field trial," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 530-546, June.
    10. François Gardes, 2019. "The Estimation of Price Elasticities and the Value of Time in a Domestic Production Framework: an Application using French Micro-Data," Post-Print hal-01478052, HAL.
    11. François Gardes, 2019. "The Estimation of Price Elasticities and the Value of Time in a Domestic Production Framework: an Application using French Micro-Data," PSE-Ecole d'économie de Paris (Postprint) hal-01478052, HAL.
    12. Hamermesh, Daniel S., 2010. "Incentives, time use and BMI: The roles of eating, grazing and goods," Economics & Human Biology, Elsevier, vol. 8(1), pages 2-15, March.
    13. Harley Frazis & Jay Stewart, 2012. "How to Think about Time-Use Data: What Inferences Can We Make about Long- and Short-Run Time Use from Time Diaries?," Annals of Economics and Statistics, GENES, issue 105-106, pages 231-245.
    14. Juan Du & Takeshi Yagihashi, 2017. "Goods–Time Elasticity of Substitution in Health Production," Health Economics, John Wiley & Sons, Ltd., vol. 26(11), pages 1474-1478, November.
    15. Daniel S. Hamermesh, 2009. "Grazing, Goods and Girth: Determinants and Effects," NBER Working Papers 15277, National Bureau of Economic Research, Inc.
    16. Hamermesh, Daniel S., 2008. "Direct estimates of household production," Economics Letters, Elsevier, vol. 98(1), pages 31-34, January.
    17. Huffman, Wallace E., 2011. "Household Production and the Demand for Food and Other Inputs: U.S. Evidence," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(3), pages 1-23, December.
    18. Mark C. Senia & Helen H. Jensen & Oleksandr Zhylyevskyy, 2017. "Time in eating and food preparation among single adults," Review of Economics of the Household, Springer, vol. 15(2), pages 399-432, June.
    19. Daniel Hamermesh, 2009. "It’s Time to “Do Economics” with Time-Use Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 93(1), pages 65-68, August.
    20. Staudigel, M., 2013. "On the Application of Household Production Theory to Health Nutrition," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea10:61184. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.