Abstract
The purpose of this study was to obtain a better understanding of the household‐'s choice to purchase market commodities that could be substituted for home pro duced commodities. A household production model provided the theoretical framework. Logit demand functions for 12 different market commodities were estimated. The commodities were house cleaning, car repair, home repair, lawn care, exterior painting, interior painting, wall papering, food preparation, clothing construction, clothing repair, clothes laundering, and day care for children. The empirical results were used to classify these various activities as relatively sepa rable or inseparable household production activities. The value of time was found to be an important determinant in the purchase of market commodities. The results have implications for family economists and for marketers of household services.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
