Repugnant transactions

When Cash Is Not the Best Thank You

Assume you are going to a friend’s home for dinner. Having had no time to pick up a bottle of wine, instead you give your host $30. Nobel laureate Alvin Roth calls that a repugnant transaction. Everyday Repugnant Transactions. You can express your appreciation for a dinner at someone’s home with flowers and wine but not money. California says any restaurant serving foie gras will be fined as much as $1000. We have wedding registries so givers can be sure their gift matches what the bride and groom want. ….[READ]