Rationing in Restaurants

Détails

ID Serval
serval:BIB_1DBF161FC14E
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Rationing in Restaurants
Périodique
International Journal of Industrial Organisation
Auteur⸱e⸱s
Von Ungern-Sternberg T.
ISSN
0167-7187
Statut éditorial
Publié
Date de publication
1991
Peer-reviewed
Oui
Volume
9
Numéro
2
Pages
291-301
Langue
anglais
Résumé
This paper provides an explanation why consumers are frequently rationed at certain types of restaurants, bars, cafes, etc. The argument is as follows: The more expensive the restaurant is, the lower will be the consumers' consumption per unit of time spent in the restaurant, Restaurants have a fixed seating capacity. When the capacity constraint becomes binding they will set their prices so as to maximise their profits per unit of time the customers spend in the restaurant. It may well be the case, that there is excess demand at this profit maximising price.
Web of science
Création de la notice
19/11/2007 10:42
Dernière modification de la notice
20/08/2019 13:54
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