North America, however, greeted him with constant abundance and leisure.
Consider a rational individual who, holding leisure constant, optimally decides how to allocate his available time, τ, between legal and illegal activities, denoted as τ ℓ and τ i respectively.
We found that even when we held constant the amount of leisure time and money respondents had (as well as their age, gender, marital status, parental status and the extent to which they valued material possessions), the people who chose time over money were still happier.
The two upper panels are for rho=-0.05, thetwo lower panels are for rho = 0. Figure 3 illustrates differential effects with respect tothe parameters of the utility function, i.e. the curvature with respect to theeducational outcome and the taste for leisure,given constant values of student ability (μ = 5) and thecurvature of the production function with respect to effort(η = 0.4).
Parents who struggle mightily to provide for them, even to provide them with comfort and leisure, may well offer constant reminders that the challenges of school years are little compared with the pressures and demands of adult life.
Demand -- the number of consumers and their available leisure time - is relatively constant, but supply -- online content -- has grown enormously in the last decade.
The cost of medical care is assumed to have the simple form a+ l1 b, where a is a constant and l1 is the marginal forgone leisure cost per hour spent on bed days at home.
It appeared that the lifeguards saw themselves as heroically foiling my constant attempts to murder my children in their leisure facility.
Both thrived on constant reinvention, retaining a loyal audience by delivering pioneering leisure products – the iPhone, and U2's ever more spectacular live shows.
Lewis says the constant upgrades are needed in an increasingly competitive global leisure market.
