Gift giving theories..

15 May

From an economic perspective, the practice of gift-giving in social rela-
tionships makes little sense due to the ineciencies that arise from commonly
mismatched gifts and preferences. This paper addresses the frequency of non-
monetary gifts compared to more ecient cash transfers. While there is a vast
literature concentrated on this cultural phenomenon, we examine a model based
on the idea that the sentimental value of a gift can be measured in terms of
the time and energy the donor spent to select a desirable gift for the recipient.
We demonstrate that under a variety of circumstances, individuals choose to
give non-monetary gifts over cash in order to signal to the recipient that they
exerted this e ort.

http://econ.duke.edu/uploads/media_items/yao-lydia-2.original.pdf

 

http://ideas.repec.org/h/eee/givchp/1-05.html

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: