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This study examines the rhythms in the shopping activity participation of individuals over a multiweek period by modeling the duration between successive shopping participations. A hazard-based duration model is used to model intershopping duration, and a latent segmentation method is applied to...
Persistent link: https://www.econbiz.de/10005191518
A new approach to calculate the value of leisure is developed and applied. This is derived from a consumer behaviour model that includes goods and activities. A system of time assignment equations is explicitly obtained from which the values of both leisure and work can be analytically...
Persistent link: https://www.econbiz.de/10005191592