Household Labour Supply with Quantity Constraints

  • Shelly Lundberg
Conference paper
Part of the Studies in Contemporary Economics book series (CONTEMPORARY, volume 11)

Abstract

When household demand functions are estimated, it is customary and convenient to assume that individual agents can purchase the desired quantities of leisure or commodities at fixed prices. The possibility that the labour market, or other markets, might operate in such a way as to impose quantity constraints on the purchases of a household is thus ruled out.

Keywords

Covariance Income Autocorrelation Univer Dick 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1984

Authors and Affiliations

  • Shelly Lundberg
    • 1
  1. 1.University of PennsylvaniaUSA

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