Consumption of Pet Companionship and the Allocation of Time

Franklin G. Mixon; Rand W. Ressler

Consumption of Pet Companionship and the Allocation of Time

Franklin G. Mixon
, Rand W. Ressler

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The Beckerian theory of consumer behavior assumes time to be a vital factor in goods production and consumption. The theory also relates a household's combination of time and goods to the production of ultimate commodities as objects of utility maximization. This utility principle is applied in the case of pet companionship. High time costs for dogs relative to cats, combined with other economic factors, explained cat substitution for dogs in household economic functions.

Original language	American English
Journal	Atlantic Economic Journal
Volume	24
State	Published - 1996

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production

Disciplines

Business
Finance and Financial Management

Cite this

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Consumption of Pet Companionship and the Allocation of Time

Abstract

UN SDGs

Disciplines

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