This paper addresses the question of the consistency of utility maximization in Becker's time allocation model with Pareto optimality. We find that when the general conditions of Pareto optimality are ...

Journal of Political Economy, Vol. 81, No. 2, Part 1 (Mar. - Apr., 1973), pp. 386-400 (15 pages) An argument by Buchanan that the criterion of Pareto optimality is of little value when used solely ...