scholarly journals Holiday Gift-Giving – Deadweight Loss or Welfare Gain?

2020 ◽  
Author(s):  
Ze'ev Shtudiner
Keyword(s):  
Deadweight Loss ◽  
Gift Giving ◽  
Welfare Gain

Gift-giving and deadweight loss

2009 ◽  
Vol 38 (2) ◽  
pp. 215-220 ◽  
Author(s):  
Kristine E. Principe ◽  
Joseph G. Eisenhauer
Keyword(s):  
Deadweight Loss ◽  
Gift Giving

scholarly journals Some Benefits Of Reducing Inflation In South Africa

2010 ◽  
Vol 9 (9) ◽  
Author(s):  
Rangan Gupta ◽  
Josine Uwilingiye
Keyword(s):  
Inflation Rate ◽  
Income Taxation ◽  
Price Stability ◽  
Deadweight Loss ◽  
Capital Income ◽  
Present Value ◽  
Welfare Gain ◽  
Zero Rate ◽  
Real Gain ◽  
The Cost

This paper evaluates the welfare gain from permanently reducing inflation from two percent to price stability and compares it the output cost associated with this transition. The paper emphasizes the distortions caused by the interaction of inflation and capital income taxation in calculating the gain from moving to a zero rate of inflation. Though the annual deadweight loss of a two percent inflation rate is 0.225 percent of GDP - a relatively small number when compared to the literature, since the real gain from shifting to price stability grows in perpetuity at the rate of growth of GDP, the present value is a substantial multiple of the annual welfare gain. Calculations reveal a present value gain of 15 percent of GDP. Since the corresponding one-off output cost of moving from two percent inflation to price stability is 0.034 percent of GDP, the gain outweighs the cost by an overwhelming margin. 

Modeling Gift Choice: The Effect of Uncertainty on Price Sensitivity

2018 ◽  
Vol 55 (4) ◽  
pp. 524-540 ◽  
Author(s):  
Sherry Shi Wang ◽  
Ralf Van Der Lans
Keyword(s):  
Choice Model ◽  
Welfare Loss ◽  
Price Sensitivity ◽  
Deadweight Loss ◽  
Gift Giving ◽  
The Gift

Gift giving generates high revenues for retailers. It is also marked with significant welfare, or deadweight, loss in that givers tend to pay more than the receivers’ valuation. Previous research has attributed this discrepancy to givers’ inaccurate predictions of the receivers’ preferences. This research demonstrates that reduced price sensitivity is another important source of the deadweight loss: givers use gift prices to signal the importance of their relationship with the receiver. In order to demonstrate this mechanism, the authors develop a new Bayesian gift-choice model that captures both preference predictions as well as the signaling value of price. The model is estimated on two choice-based conjoint studies for gift giving that allow for the manipulation of the giver's uncertainty about the receiver's preferences. Both studies show the strong signaling value of price, especially when givers are uncertain about receivers’ preferences. Decomposition of the deadweight loss shows that the signaling value of price is an important source of welfare loss, especially in markets with heterogeneous prices. These findings have key implications for the gift industry.

When Clients Bring More Than Problems: Ethics and Gift Giving

2006 ◽  
Author(s):  
Chris Brown ◽  
Alex McEntire ◽  
Heather B. Transgrud
Keyword(s):  
Gift Giving

"‘A Peculiar Gift of Providence": The Power-Imbalance Caused by Gift-Giving in Millenium Hall

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Elisia Snyder
Keyword(s):  
Eighteenth Century ◽  
Power Imbalance ◽  
Gift Giving ◽  
The Gift

Sarah Scott's eighteenth-century novel Millenium Hall canvasses the role of gift-giving in the dynamics heteronormative-domestic, economic, and spiritual relationships. The pharmakon of the gift plays a central role in Scott's understanding of philanthropy, and the construction of her female-inhabited, female-run utopia. This article's principle occupation is to show that all instances of gift-giving in Millenium Hall create power-imbalances between the superior giver and the inferior receiver; however, Sarah Scott's female utopia constructs the most preferable type of subservience.

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