Grinch Economists & Gift Giving

posted Dec 27, 2011, 6:04 AM by Peter Duffer
This is my favorite article for holiday gift giving.  If I buy a gift for $50 and the receiver values the gift at $20 isn't there a deadweight loss of $30?

Some economists looked at who (aunt, grandparents, brothers, etc...) gave gifts and the deadweight loss.  Read this article below and then comment for some good karma.