Microeconomic Models of Intra-Household Activity Time Allocation

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Title Microeconomic Models of Intra-Household Activity Time Allocation
Author Nepal, Kali Prasad; Fukuda, Daisuke; Yai, Tetsuo
Journal Name Journal of the Eastern Asia Society for Transportation Studies
Year Published 2005
Place of publication Tokyo
Publisher Eastern Asia Society for Transportation Studies
Abstract The primary purpose of this research is to analyze theoretically the group decisionmaking process leading to the allocation of activity time and the consumption of goods, with particular emphasis in the households. Each household is characterized as a group of individuals making joint decisions about their activity participations, alternative activity time allocations and consumption of various goods, such as independent and joint activity time allocations as well as private and shared consumption patterns. We firstly explore why individual-based models are not realistic in multi-person households, and secondly, we summarize various intra-household activity time allocation models based on different decision-making processes. All models are presented under microeconomic principle of utility maximization to represent the economic behavior of the households.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.easts.info/on-line/journal.htm
Volume 6
Page from 1637
Page to 1650
ISSN 1881-1124
Date Accessioned 2010-03-15
Date Available 2010-08-16T06:47:28Z
Language en_AU
Faculty Faculty of Science, Environment, Engineering and Technology
Subject Transportation and Freight Services
URI http://hdl.handle.net/10072/33466
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1x

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