Principe, Kristine E.; Eisenhauer, Joseph G. - In: Journal of Behavioral and Experimental Economics … 38 (2009) 2, pp. 215-220
Although economic theory asserts that cash is often superior to gifts in-kind for maximizing welfare, there has been no empirical consensus on whether in-kind gift-giving destroys or creates value--i.e., whether recipients value gifts less than, as much as, or more than givers pay for them. The...