Tag Archives: cheap talk

The economics of Christmas

Posted on December 24, 2013 by F. E. Guerra-Pujol

How “inefficient” is Christmas and the tradition of gift-giving generally? According to this paper, The deadweight loss of Christmas, published in the prestigious American Economics Review 20 years ago this month (and from which the figure above is taken), holiday gift-giving … Continue reading →

Posted in Uncategorized | Tagged cheap talk, Christmas, Deadweight Loss, Economics, Gifts, scientism | 1 Comment

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