Reindeer economics
From the WSJ's Evening Wrap:
How much is one of Santa's reindeer worth? According to the Danish Air Force, about $5,000. That is what they paid Olavi Nikkanoff, a Danish farmer who plays Santa Claus at Christmas, to compensate for one of his reindeer, named Rudolf, who was apparently killed by two F-16 fighter jets earlier this year. The reindeer was not shot out of the sky, however; rather, he was minding his own business on Mr. Nikkanoff's farm when the jets screamed overhead at a low altitude, scaring poor Rudolf to death. Mr. Nikkanoff said he was satisfied with the compensation and would use it to buy a new reindeer before Christmas.
Meanwhile, reindeer sausage, chips and a drink costs $5 on a street corner in Anchorage, AK.
How much, in your estimation, would Mr. Nikkanoff have been compensated if Rudolph had been flying at the time?
Posted by: pam | October 02, 2005 at 04:30 PM
More.
Posted by: Tim Haab | October 03, 2005 at 02:27 PM
Top banter folks! And they say economists aren't funny?
Meanwhile there's some stuff about elk and beavers on my blog, you may be interested in. Forgive the shameless plug, it's more a notifier of future avenues of research!
Posted by: Fluffy Economist | October 27, 2005 at 08:49 AM