Abstract
Food away from home (FAFH) expenditure equations derived from household production theory stress the importance of of time constraint implicit in house hold decision making. Numerous methods have been suggested in the literature to quantify the value of time. The measure of time value developed in this study was based on the opportunity cost approach and indicates the importance of correcting for labor force participation selection bias when estimating potential wages for non-labor-force participants. In general, value of time, income, house hold size and composition, and other environmental variables significantly influ enced FAFH expenditures. The results also indicate the importance of distinguish ing between FAFH expenditures at different types of eating places.
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