A note on the allocation of time |
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| Authors: | A.B. Atkinson N.H. Stern |
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| Affiliation: | University College London, London WC1E 6BT, UK;University of Warwick, Coventry, UK |
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| Abstract: | A multi-commodity model in which time as well as nominal income is necessary in the process of consumption is analyzed. Duality theory is used to provide a counter example to the ‘Linder Theorem’ that a rise in real wages will decrease consumption of some good if it is more time intensive than the weighted average of the time intensity of all other commodities. |
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