Saturday, 01 December 2018 17:01

The Deadweight Loss of Christmas

Christmas is coming (queue a chorus of voices decrying Christmas displays in shops from August and the commercialisation of the Christmas season). But as you open yet another ill-fitting knitted jumper and garish pair of socks from great aunt Gertrude, have you ever wondered about the “efficiency” of your gifts? Confused? Let me explain.

Published in Economics