DeepDyve eBooks - A Theory of the Producer-Consumer Household

Chapter 1A Prototype Model of the Producer-Consumer Household

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 1 –29

[A producer-consumer household is like Janus. It possesses the characteristics of both a producing unit and a consuming unit. As a producing unit its family firm employs factors of production from its owner household. If it intends to employ more than its owner household is willing to supply, it...

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Chapter 2The Behavioral Transformation of Producer-Consumer Households through the Development of Competitive Markets

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 30 –111

[In the first place how does a producer-consumer household allocate its factors of production among alternative uses in autarky? All of its endowment of capital service will be employed in its family firm. Then, how will its endowment of time be allocated between leisure and work? Since no formal...

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Chapter 3Effects of the Internal Wage Rate on Output Supply: A Structural Estimation for Japanese Rice Farmers

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 112 –133

[Farmers are offered a higher wage rate by their off-farm employers than the rate of remuneration they receive for their labor on their own family farms in Japan. However, it is not possible for them to work for as many hours as they want for their off-farm employers at the offered wage rate....

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Chapter 4The Economic Differentiation of Producer-Consumer Households

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 134 –148

[As competitive markets develop for output and capital service, it is possible for the internal wage rate w* to exceed the market rate w in the producer-consumer households endowed with a high technological level or a large amount of capital service but a small number of family members as seen in...

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Chapter 5The Structure of Labor Supply

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 149 –172

[The aggregate supply of labor is by no means homogeneous. But it is composed of at least three behaviorally distinct types: worker-consumer households, producer-consumer households and households for the family firm of which it is inevitable to produce household goods since the external supply...

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Chapter 6Demand for Capital Service (Consumption Good in the Production of Household Goods)

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 173 –190

[Capital service is demanded by a variety of producing units, for example, capitalist firms which employ this service to maximize the residual profit imputable to themselves, and family firms of the producer-consumer households which employ this service to maximize the welfare of their family...

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Chapter 7A Dual Economy of the New Keynesian Type with Self-Employment Included

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 191 –218

[Producer-consumer households organize their family firms in such a way as to maximize the welfare of their family members, while capitalist firms organize their production activity to maximize the residual profit imputable to themselves. Furthermore, they offer a higher than equilibrium rate of...

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Chapter 8The Sectoral Productivity and the Behavior of the Economy in which the Home Production of Household Goods Is Inevitable

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 219 –241

[All household goods such as cooked food, clean clothes and house, and care of children and the elderly are not only produced by producer-consumer households; some of them are produced by capitalist firms and the public sector, including such informal ones as neighboring communities. However, the...

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Chapter 9The Positive Aggregate-Demand Externalities of Producer-Consumer Households to Stabilize Aggregate Economic Fluctuations: A Comparison between Japan and the United States

Maruyama, Yoshihiro; Sonoda, Tadashi

Pages: 242 –267

[A dual economy model of the New Keynesian type discussed in Chapter 7 reveals that producer-consumer households moderate the aggregate economic fluctuations in terms of both the employment of labor and also the demand for outputs in the economy where capitalist firms offer a higher than...

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A Theory of the Producer-Consumer Household

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A Theory of the Producer-Consumer Household

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