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February 24, 2005

Friends Don't Let Friends Share Sweatshirts

At the Eleven-Year-Old's middle school, they are trying to keep the lice from spreading.

They are also trying to keep students from buying candy bars at Safeway and reselling them at inflated prices to other students at snack time. There seem to be two agency problems here: parents want their children to have money in their pockets to make emergency phone calls, not to spend on overpriced candy. And parents want to make sure their children eat a healthier diet than the children want to.

Posted by DeLong at February 24, 2005 01:20 PM