Category Archives: Economics of Dining

Will Covid-19 expose the ghost firms?

Posted on 2020/05/19 by .

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 , , , , , , | Comments Off on Will Covid-19 expose the ghost firms?

Support your favorite restaurant!

Posted on 2020/03/15 by .

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 →

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Relative rates of fraud

Posted on 2019/07/31 by .

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 →

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Dining out as cultural trade

Posted on 2019/07/02 by .

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 →

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What is the optimal tax rate on restaurants?

Posted on 2019/05/17 by .

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 →

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Inegalitarian restaurants

Posted on 2019/05/14 by .

Or maybe you’re a senior staffer for Steve Scalise, the second-ranking Republican in the House. The aide usually pings his usual server for one of his usual perches: table 10 in the main dining room. It’s the corner booth with … Continue reading →

Posted in Beautiful Women, Economics of Dining | Tagged , , , | 1 Comment

Do minimum wage hikes get rid of bad restaurants?

Posted on 2019/05/07 by .

We study the impact of the minimum wage on firm exit in the restaurant industry, exploiting recent changes in the minimum wage at the city level. We find that the impact of the minimum wage depends on whether a restaurant … Continue reading →

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The meaning of death, from an economist’s point of view

Posted on 2019/02/10 by .

A few days ago Garett Jones came to my office door and asked “what do we really know about labor supply?” I said we might as well extend the query to labor demand. In any case, here was part of … Continue reading →

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Do land use restrictions increase restaurant quality and diversity?

Posted on 2019/02/09 by .

Daniel Shoag and Stan Veuger say yes, but I am not so convinced. It turns out that metrics of land use restrictions are correlated with restaurant quality, across cities. To cut to the chase, Los Angeles ranks number one on … Continue reading →

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Lessons from the Washington, D.C. dining scene

Posted on 2017/12/09 by .

Can One Chef’s Approach to Global Fine Dining Catch on in Washington D.C.? Contrary to what many people will insist, it’s now possible to eat excellent Mexican food, including tacqueria-style tacos, in D.C., Northern Virginia and nearby Maryland. But this … Continue reading →

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