Let me know what places
tcowen -at- gmu.edu
tcedgpics -at- gmail.com
If this is your first visit, read these:
-- General Remarks
-- Six Rules for Dining Out
- Tyler Cowen's home page
- Marginal Revolution
- The Complete TCED Guide (June 2019) (127-page PDF)
- Metro Trip Planner
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Category Archives: Economics of Dining
The decline of Michelin-starred restaurants
That is the topic of my latest Bloomberg column, here is one bit: And then there is the spread of the Michelin brand. There are now Michelin guides for many US cities, which has caused the brand to lose some … Continue reading
Posted in Economics of Dining, Fine Dining, General remarks, Overrated Tagged economics of dining, Marginal Revolution, Michelin Leave a comment
The economics of why Noma is closing
Here is the take of yours truly: Tyler Cowen, a professor of economics at George Mason University in Fairfax, Va., and a devoted restaurant-goer, says that people are misinterpreting Redzepi’s intentions with the closure. Cowen doesn’t think the chef is … Continue reading
Posted in An Economist Gets Lunch, Chicken, Economics of Dining, Fine Dining Tagged chicken, David Chang, Denmark, Marginal Revolution, Noma, Redzepi Leave a comment
The New Top Chef
During the pandemic a pasta restaurant launched on UberEats in Paris. Cala quickly attracted a top 1% rating for it’s high quality to price ratio. Only now has it been revealed that the chef is a robot. “We wanted to … Continue reading
Posted in Economics of Dining, France, Outside DC, Robots Tagged Marginal Revolution, robots Comments Off on The New Top Chef
“You have to order all at once”
Boia De, web site, 5205 NE 2nd Ave Miami, FL 33137 [Trip Advisor | 4 CBS | Ylp] Lung Yai Thai Tapas, web site 1, web site 2, 1731 SW 8th St, Miami, FL 33135 [Trip Advisor | Ylp | … Continue reading
Posted in Economics of Dining, Florida Tagged Boia De, economics of dining, Florida, Lung Yai Thai Tapas, Miami Comments Off on “You have to order all at once”
Delivery service price cap regulations
Ben emails me: Could you please consider and comment on some of the unseen consequences of local price caps on restaurant delivery services? (Politico article describing the phenomenon in SF, NYC, etc.) A highly competitive market for such services exists … Continue reading
Posted in Delivery, Economics of Dining, Technology Tagged delivery, economics of dining Comments Off on Delivery service price cap regulations
Will Covid-19 expose the ghost firms?
That is the topic of my latest Bloomberg column, here is one excerpt: Demand for in-restaurant dining is likely to fall as well, though estimates vary. Since the average small business carries less than a month’s worth of liquid reserves, … Continue reading
Posted in Alexandria, Annandale, Arlington, Bailey's Crossroads, Centreville/Manassas, Crystal City/Pentagon City/National Airport, Economics of Dining, Eden Center, Fairfax, Falls Church/Seven Corners, Herndon/Reston/Ashburn/Chantilly / Dulles Airport, Leesburg/Winchester, McLean, Merrifield / Mosaic, Springfield, Vienna/Tysons, Virginia Tagged Coronavirus, COVID-19, economics of dining, ethnic restaurants, ghost restaurants, mom and pop, Northern Virginia Comments Off on Will Covid-19 expose the ghost firms?
Support your favorite restaurant!
If you wish to support your favorite restaurant, and the American economy at the same time, perhaps consider buying a gift card from them? They get the money now and stay solvent, and you can cash in the card later, … Continue reading
Posted in Economics of Dining Tagged favorites, gift cards Comments Off on Support your favorite restaurant!
Relative rates of fraud
About 21% of delivery customers worry the driver may have nibbled their order en route—and with good reason, according to a new study of delivery gripes. Some 28% of drivers say they were unable to resist taking a bite. Here … Continue reading
Posted in Economics of Dining, Food Stores Tagged delivery, fraud, take out Comments Off on Relative rates of fraud
Dining out as cultural trade
By Joel Waldfogel, here is the abstract: Perceptions of Anglo-American dominance in movie and music trade motivate restrictions on cultural trade. Yet, the market for another cultural good, food at restaurants, is roughly ten times larger than the markets for … Continue reading
Posted in An Economist Gets Lunch, Economics of Dining Tagged economics of dining, Joel Waldfogel, trade Comments Off on Dining out as cultural trade
What is the optimal tax rate on restaurants?
bhauth asks me: What do you think the optimal tax rate on restaurants would be? The current rates seem high to me: 1) The marginal substitution rate between restaurants and cooking at home is high. 2) Cooking at home uses … Continue reading
Posted in Economics of Dining Tagged tax Comments Off on What is the optimal tax rate on restaurants?