21 min listen
All You Can Eat, or By the Ounce?
All You Can Eat, or By the Ounce?
ratings:
Length:
21 minutes
Released:
Aug 22, 2023
Format:
Podcast episode
Description
There are many different pricing and packaging schemes for serving food in restaurants, and they all seem to coexist. But there are some significant differences, and thinking in terms of transaction costs and adverse selection can help us understand why.Plus, a TWEJ on the eternal optimism of Keynesians: THIS time it might work!Some links:Buffets, pricing, and management, seller's perspectivehttps://www.cheftalk.com/threads/pricing-salad-bars-by-weight.70748/https://pdfcoffee.com/buffet-cost-control-pdf-free.html David V. Pavesic (1994) By-The-Ounce Pricing for Salad Bars, Journal of College & University Foodservice, 1:4, 3-11David V. Pavesic and Paul F. Magnant (2005; 2nd Ed). Fundamental Principles of Restaurant Cost Control, pp. 238-246. Prentice Hall. Consumer's perspectivehttps://www.budgetbytes.com/hit-salad-bar-like-boss/ https://www.refinery29.com/en-us/whole-food-cheap-salad-bar-hacks If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz
Released:
Aug 22, 2023
Format:
Podcast episode
Titles in the series (25)
Middlemen: From Mancgere to Amazon by The Answer Is Transaction Costs