Abstract
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.
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Coto-Millán, P. (2003). Alternative Theories of Consumer Behaviour. In: Utility and Production. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57330-9_3
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DOI: https://doi.org/10.1007/978-3-642-57330-9_3
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1423-1
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