Posts Tagged ‘deadweight loss’

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    Holiday Dilemmas

    Dec 11, 11 • 196 Views • Behavioral Economics, Demand, Supply, and Markets, Households, Thinking EconomicallyNo Comments

    Can doing good be bad? At food banks, the holiday season brings an avalanche of food from donors when the charity could purchase the food more cheaply and use volunteer time more wisely. As a result, charitable food donations misallocate resources. According

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    Giving and Getting Gifts

    Nov 29, 10 • 223 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Thinkers, Households, Thinking EconomicallyNo Comments

    With the holiday season beginning, we should consider the economics of gift giving. Let’s start with University of Pennsylvania Professor Joel Waldfogel who focused on receiving gifts. Then, through Duke’s Dan Ariely, we can look at how to give

  • Should We Stop Giving Holiday Gifts?

    Dec 25, 09 • 199 Views • Thinking EconomicallyNo Comments

    According to Wharton School economist Joel Waldfogel, we might be better off if we stop gift giving. Dr. Waldfogel says that all too often, the value of the gift to the recipient is less than the price the giver paid. The resulting “deadweight