Economics Social Network

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

December 2016 Blog Posts (1)

THE DEADWEIGHT LOSS OF CHRISTMAS by Joel Waldfogel

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, 2016 at 4:31pm — No Comments

Monthly Archives

2019

2018

2017

2016

2015

2014

2013

2012

2011

2009

2008

2007

© 2022   Created by Dr. T.   Powered by

Report an Issue  |  Terms of Service