Economics Social Network

A social network for economists in the academia and the business world.

December 2011 Blog Posts (1)

THE DEADWEIGHT LOSS OF CHRISTMAS (By Joel Waldfogel. Yale University)

When economists comment on holiday gift-giving, it is usually to condone the healthy effect of spending on the macroeconomy. However, an important feature of gift-giving is that consumption choices are made by someone other than the final consumer. A pontentially important microeconomic aspect of gift-giving is that gifts may be mismatched with the recipients´ preferences. This paper gives estimates of the deadweight loss of holiday gift-giving based on surveys given to Yale undergraduates.…

Continue

Added by Román Culebro Martínez on December 22, 2011 at 12:00pm — No Comments

Monthly Archives

2019

2018

2017

2016

2015

2014

2013

2012

2011

2009

2008

2007

© 2023   Created by Dr. T.   Powered by

Report an Issue  |  Terms of Service