Based on Ian Steedman's seminal contribution "Consumption Takes Time", we propose a formal
activity-based model for consumer behaviour. The model simultaneously incorporates choices over
consumption time, as well as quantities and qualities of products consumed. We identify and examine
preconditions for satiation with products and draw implications for economic policy. Satiation with
products explains the limited effects of price or income changes on demand and questions the
pertinence of economic growth for development. It further highlights the relevance of working time
reductions for well-being. (authors' abstract)
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:4561 |
| Date | 27 April 2015 |
| Creators | Fellner, Wolfgang, Seidl, Roman |
| Publisher | Wiley |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Article, PeerReviewed |
| Format | application/pdf |
| Relation | http://dx.doi.org/10.1111/meca.12080, http://onlinelibrary.wiley.com/, http://epub.wu.ac.at/4561/ |
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