Quotation Fellner, Wolfgang, Seidl, Roman J. 2015. Satiated Consumers: Allocation of Consumption Time in an Affluent Society. Metroeconomica 66 (3): S. 534-563.




Based on Ian Steedman's seminal contribution 'Consumption Takes Time', we propose a formal activity-based model for consumer behaviour. The model simultaneously incorporates choices over consumption time, as well as quantities and qualities of products consumed. We identify and examine preconditions for satiation with products and draw implications for economic policy. Satiation with products explains the limited effects of price or income changes on demand and questions the pertinence of economic growth for development. It further highlights the relevance of working time reductions for well-being.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Metroeconomica
Citation Index SSCI
WU-Journal-Rating new VW-D
Language English
Title Satiated Consumers: Allocation of Consumption Time in an Affluent Society
Volume 66
Number 3
Year 2015
Page from 534
Page to 563
Reviewed? Y
DOI http://dx.doi.org/10.1111/meca.12080


Fellner, Wolfgang (Former researcher)
Seidl, Roman J. (Austrian Institute of Technology, Austria)
Institute for Multi-Level Governance and Development IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5335 Political economic theory (Details)
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