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The Rational Consumer's Choice Between Market, Non-market and Leisure Activities
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A 14 page paper discussing how changes in work and society affect
consumers' choices in how they will spend their time. The superficial view is that greater
labor-saving devices and other factors work to create greater availability of leisure time, but one
author notes, "Greater exertion at work results in a higher wage, but less energy to devote to
consumption and leisure activities." This is in conflict with the theory that greater material
success results in greater leisure time. In the "real" world, busy people must make choices in how
they will spend their time. Those choices include market, non-market and leisure activities. The
purpose here is to describe how rational consumers allocate their time between the three. The
annotated bibliography lists 14 sources and accounts for half of the paper's length.
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Pages:
14
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Filename:CC6_KSeconRatCons.wps |
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Paper Title:
The Rational Consumer's Choice Between Market, Non-market and Leisure Activities
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