smstonypoint
Super Member
- Joined
- Oct 13, 2009
- Messages
- 5,351
- Location
- SC (Upstate) & NC (Piedmont)
- Tractor
- NH TN 55, Kubota B2320 & RTV 900, Bad Boy Outlaw ZTR
Excuse my language (economics), but you should take into account the deadweight loss of giving a gift rather than cash. That deadweight loss is illustrated in this diagram from Waldfogel
http://people.exeter.ac.uk/trkaplan/issues/waldfogel.pdf.
Of course, as Mark Perry points out (503 Service Temporarily Unavailable), thinking like an economist didn't work out so well for Jerry Seinfeld.
Steve
http://people.exeter.ac.uk/trkaplan/issues/waldfogel.pdf.
Of course, as Mark Perry points out (503 Service Temporarily Unavailable), thinking like an economist didn't work out so well for Jerry Seinfeld.
Steve