The Economics of Halloween Candy

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Here is a fantastic article from NPR on the spontaneous Halloween candy after-market. From the piece:

"Within seconds of returning home, the first group at the trading party spilled their pillow cases onto the floor and started making piles.

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Sierra quickly became the queen of Reese's by jumping into the market early. While most kids were still organizing their piles by brand, she was already making moves and trading her way to a hefty collection of Reese's Pieces and Peanut Butter Cups.

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The decibel level in the candy-trading room rivaled that of Wall Street. The trading peaked about 20 minutes in as cross-room deals had Milk Duds flying overhead while a Jolly Rancher came the other way. Whoppers went for Smarties. Kit Kats went for a Twix. Charleston Chews, the pennies of the lot, didn't seem to move at all."