A Consumer Behavior Theory of Tutoring

Research Article
Open access

A Consumer Behavior Theory of Tutoring

Yuxiao Zhang 1*
  • 1 Duke University    
  • *corresponding author yz301@duke.edu
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/12/20230653
AEMPS Vol.12
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-67-6
ISBN (Online): 978-1-915371-68-3

Abstract

The paper aims to explore the behavior of consumers in the tutoring market in China, in which consumers’ perspectives would be divided into two parts: parents and students. Parents and students would consider and focus on different factors to maximize the utility based on their own standpoint, which is the reason why they usually make different decisions in reality. The paper would build a theory of consumer behavior in tutoring market based on the neoclassical consumer theory. There are several essential features that should be noticed in the paper: (1) for simplifying, the commodities consumed in the market are the average scores that are estimated to increase based on the original average scores; (2) the consumer’s decisions are subject to two resource constraints of money and time; (3) the utility is not only a function of goods but also of the time that is required to “finish consuming” it, in other words, the time a student needs to spend for earning one more score.

Keywords:

Lagrange function, value of time, intermediate goods, leisure goods

Zhang,Y. (2023). A Consumer Behavior Theory of Tutoring. Advances in Economics, Management and Political Sciences,12,363-372.
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References

[1]. Tipping, David G. (1968). Time Savings in Transport Studies. ECONOMIC JOURNAL, 843-854.

[2]. BECKMANN, M., C. B. MCGUIRE, & C. B. WINSTEN. (1955). Studies in the Economics of Transportation. Cowles Commission, Yale.

[3]. CLAFFEY, PAUL J. (1961). Characteristics of Passenger Car Travel on Toll Roads and Comparable Free Roads. Highway Research Board Bulletin, No. 306.

[4]. WALTERS, ALAN A. (1961). The Theory and Measurement of Private and Social Cost of Highway Congestion. Econometrica, Vol. 29, No. 4.

[5]. Bone, A. J. (1952). Travel-Time and Gasoline Consumption Studies in Boston. Highway Research Board Proceedings.

[6]. Quarmby, D. A. (1967). Choice of Travel Mode for the Journey to Work. Journal of Transport Economics and Policy, 273-314.

[7]. Lee, N. and Dalvi, M. Q. (1969). Variations in the Value of Travel Time. Manchester School of Economics and Social Studies, 213-236.

[8]. JOHNSON, M. B. (1966). TRAVEL TIME AND THE PRICE OF LEISURE. Economic Inquiry, 4(2), 135–145. https://doi.org/10.1111/j.1465-7295.1966.tb00941.x.

[9]. DeSerpa, A. C. (1971). A Theory of the Economics of Time. The Economic Journal, 81(324), 828. https://doi.org/10.2307/2230320.

[10]. Becker, G. S. (1965). A Theory of the Allocation of Time. The Economic Journal, 75(299), 493. https://doi.org/10.2307/2228949.

[11]. Atici, F. M., Biles, D. C., & Lebedinsky, A. (2006). An application of time scales to economics. Mathematical and Computer Modelling, 43(7–8), 718–726. https://doi.org/10.1016/j.mcm.2005.08.014.

[12]. Oort, C. J. (1969). The Evaluation of Travelling Time. Journal of Transport Economics and Policy, 3(3), 279–286. https://www.jstor.org/stable/20052155.

[13]. Johnson, M. Bruce. (1964). On the Economics of Road Congestion. Econometrica, 137-150.

[14]. Chiswick, Barry R. (1967). The Economic Value of Time and the Wage Rate: Comment. Western Economic Journal, 294-295.

[15]. Robbins, Lionel. (1930). On the Elasticity of Demand for Income in Terms of Effort. Economica, 123-129.

[16]. Oort, C. J. (2003). THE EVALUATION OF TRAVELING TIME. IN: URBAN TRANSPORT.

[17]. Hironori, & Kato. (2018). On the value of business travel time savings: derivation of hensher's formula. Transportation Research Record.

Cite this article

Zhang,Y. (2023). A Consumer Behavior Theory of Tutoring. Advances in Economics, Management and Political Sciences,12,363-372.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-67-6(Print) / 978-1-915371-68-3(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.12
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Tipping, David G. (1968). Time Savings in Transport Studies. ECONOMIC JOURNAL, 843-854.

[2]. BECKMANN, M., C. B. MCGUIRE, & C. B. WINSTEN. (1955). Studies in the Economics of Transportation. Cowles Commission, Yale.

[3]. CLAFFEY, PAUL J. (1961). Characteristics of Passenger Car Travel on Toll Roads and Comparable Free Roads. Highway Research Board Bulletin, No. 306.

[4]. WALTERS, ALAN A. (1961). The Theory and Measurement of Private and Social Cost of Highway Congestion. Econometrica, Vol. 29, No. 4.

[5]. Bone, A. J. (1952). Travel-Time and Gasoline Consumption Studies in Boston. Highway Research Board Proceedings.

[6]. Quarmby, D. A. (1967). Choice of Travel Mode for the Journey to Work. Journal of Transport Economics and Policy, 273-314.

[7]. Lee, N. and Dalvi, M. Q. (1969). Variations in the Value of Travel Time. Manchester School of Economics and Social Studies, 213-236.

[8]. JOHNSON, M. B. (1966). TRAVEL TIME AND THE PRICE OF LEISURE. Economic Inquiry, 4(2), 135–145. https://doi.org/10.1111/j.1465-7295.1966.tb00941.x.

[9]. DeSerpa, A. C. (1971). A Theory of the Economics of Time. The Economic Journal, 81(324), 828. https://doi.org/10.2307/2230320.

[10]. Becker, G. S. (1965). A Theory of the Allocation of Time. The Economic Journal, 75(299), 493. https://doi.org/10.2307/2228949.

[11]. Atici, F. M., Biles, D. C., & Lebedinsky, A. (2006). An application of time scales to economics. Mathematical and Computer Modelling, 43(7–8), 718–726. https://doi.org/10.1016/j.mcm.2005.08.014.

[12]. Oort, C. J. (1969). The Evaluation of Travelling Time. Journal of Transport Economics and Policy, 3(3), 279–286. https://www.jstor.org/stable/20052155.

[13]. Johnson, M. Bruce. (1964). On the Economics of Road Congestion. Econometrica, 137-150.

[14]. Chiswick, Barry R. (1967). The Economic Value of Time and the Wage Rate: Comment. Western Economic Journal, 294-295.

[15]. Robbins, Lionel. (1930). On the Elasticity of Demand for Income in Terms of Effort. Economica, 123-129.

[16]. Oort, C. J. (2003). THE EVALUATION OF TRAVELING TIME. IN: URBAN TRANSPORT.

[17]. Hironori, & Kato. (2018). On the value of business travel time savings: derivation of hensher's formula. Transportation Research Record.

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