Bauer, Thomas K.; Schmidt, Christoph M. - In: Schmollers Jahrbuch : Journal of Applied Social Science … 129 (2009) 4, pp. 523-538
Using German survey data, this paper show that the valuation of Christmas gifts varies considerably among the gift receivers. Whether the gifts are associated with an efficiency loss, as some empirical studies for the US conclude, depends however on the particular question posed to gift...