Obesity as a Function of the Efficient Allocation of Time and Optimality in Consumption: A Theoretical and Empirical Examination

Abstract

The goal of this thesis is to examine the relationship between economic conditions, such as allocative efficiency, utility maximization and time costs, and obesity. A theory is developed and two empirical models tested. The theory attempts to explain why people become obese as a function of personal choices, technological innovation and their environment. The first empirical model, developed using 2002 data on all 50 states and D.C., is used to explain variances in state level obesity and should be thought of as how peoples environment affect the body mass index. The second model is developed using roughly 11,000 observations and is used to show how people’s individual choices affect their body mass index. In the conclusion the results are compared and the significant variables commented on.