- 455,139 hits
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Blogs I Follow
Tag Archives: cheap talk
The economics of Christmas
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