Christmas presents: Dead loss or incalculably valuable?
Economically Speaking: The real value of gifts, as perceived by the recipient.
John McDermott
Tue, 17 Dec 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
I still haven’t started my Christmas shopping but, as I start to think about what gifts to buy, I am reminded of one of the most interesting economic articles I ever read.
When I was a student at Yale University, one of the professors, Joel Waldfogel, surveyed his students about the gifts
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John McDermott
Tue, 17 Dec 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
