can’t answer you kid

are gifts inefficient?

the price allocated to the gift by the donee is lower than the cost the donor has expended – is christmas really an inefficient exercise? widespread collective loss in the marketplace.

– J. Waldfogel, “The Deadweight Loss of Christmas:, 83 Am.Econ.Rev. 1328 (1993) – not to mention that it is frowned upon to reintroduce gifts into the marketplace – is that wealth lost forever?

if this is critiqued for the fact that it doesn’t factor in sentimental measures of value why isn’t biodiversity or environmental policy factored in to other efficiency arguments?

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