Grinch Economists & Gift Giving

Post date: Dec 27, 2011 2:04:07 PM

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.