Posts Tagged ‘Joel Waldfogel’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Behavioral Economics: The Best Gifts

    Nov 19, 12 • 143 Views • Behavioral Economics, Economic Thinkers, Households, Thinking Economically, UncategorizedNo Comments

    A gift can be worth much more or less than its price tag. It just depends on whether you are the giver or the receiver. One of the best gifts I have ever gotten was a book of car wash coupons. Happily, I used every one, each time feeling that I had gotten...

  • 16796_give..12.11.11_000014923722XSmall

    Holiday Dilemmas

    Dec 11, 11 • 119 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...

  • 16038_11.29_000006699192XSmall-4

    Giving and Getting Gifts

    Nov 29, 10 • 114 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 • 104 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...