Rationing in Restaurants

Details

Serval ID
serval:BIB_1DBF161FC14E
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Rationing in Restaurants
Journal
International Journal of Industrial Organisation
Author(s)
Von Ungern-Sternberg T.
ISSN
0167-7187
Publication state
Published
Issued date
1991
Peer-reviewed
Oui
Volume
9
Number
2
Pages
291-301
Language
english
Abstract
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
Create date
19/11/2007 10:42
Last modification date
20/08/2019 13:54
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