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Erschienen in:
2003 | OriginalPaper | Buchkapitel
Alternative Theories of Consumer Behaviour
verfasst von : Professor Pablo Coto-Millán
Erschienen in: Utility and Production
Verlag: Physica-Verlag HD
Enthalten in: Professional Book Archive
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This chapter sets out alternative consumer behaviour models. First, we shall look at the discrete choice model and time allocation models. Next, we shall examine a model synthesising discrete choice and time allocation. Then we shall turn to the characteristics model. This model has been improved by including work and travel time in the utility function and finding a relationship between goods and leisure. Finally, we address a model under conditions of incomplete information and revealed preference theory.