Abstract
The three uses of one's time — leisure, nonmarket work, and market work — are affected by the availability of others' time for sale in the market. The paper integrates the supply of time and the demand for others' time by means of geometric models of exchange and production. Possible patterns of market work behavior are enriched by the incorporation of proportional and lump-sum transaction costs. The diversity of the results argues against indiscriminate reliance on institutional restrictions in explaining work decisions.
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