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
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
