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Autoren: 
Corneo, Giacomo
Datum: 
2002
Reihe/Nr.: 
CESifo Working Paper 829
Zusammenfassung: 
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 is developed which explains such a pattern as resulting from multiple equilibria. Workers and capitalists are shown to exhibit opposite preference orderings over equilibria. The relative ability of those two groups in capturing a country's government may explain which equilibrium is selected.
Dokumentart: 
Working Paper

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