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The Deadweight Loss of Christmas

Publication date: December 24, 2003

As most of the Christian world prepares for the mass of Christ, modernly known as Christmas, there are always economists to examine the utility exchange of gift giving. I buy presents for my immediate family only. In my case that is six people. My siblings receive small gifts and my parents larger presents. I usually aim for a rarity or something I know the recipient would not buy on their own. I stay away from anything I could partially benefit from just in case my intentions are called into question. And of course anything with a cord comes with my lifetime tech support.

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Source: https://www.niallkennedy.com/blog/2003/12/the-deadweight.html

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