Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9724205 | European Journal of Political Economy | 2005 | 15 Pages |
Abstract
In OECD countries, watching television is by far the most time-consuming form of leisure. Surprisingly, television viewing is positively correlated with work hours across countries. A simple model based on the notion of aggregate strategic complementarities in social leisure, that explains such a pattern as the result of multiple equilibria, is developed. Workers and capitalists are shown to exhibit opposite preference orderings over equilibria. The relative ability of the two groups in influencing a country's government may explain which equilibrium is selected.
Related Topics
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Economics and Econometrics
Authors
Giacomo Corneo,