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The Deadweight Loss of Christmas in the Czech Republic
Rottová, Tereza ; Janíčko, Martin (advisor) ; Svoboda, Miroslav (referee)
Gift-giving is a potential source of deadweight loss (DWL), which is by the standard microeconomic theory regarded as a loss of economic efficiency. The aim of this thesis is to determine how big was this DWL in the Czech Republic during Christmas of 2010. The DWL of gift-giving is based on the data collected from a questionnaire survey of 122 respondents who provided 366 observations. Respondents were asked to estimate the value of their gifts, based on their willingness to pay for them and their willingnes to sell them. The results indicate that there is deadweight loss of gift-givnig in the Czech Republic, ranging between 8,6 % and 10,9 % of market price.

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