Category Archives: Economics of Dining

More on the economics of dessert in decline

Parties that might have finished their dinner in a little over an hour instead linger for closer to two when they opt for dessert. And they stay the extra thirty minutes while consuming only a fraction of what they did … Continue reading

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Why I don’t like desserts

I’ve been challenged on this point many times in the last few days. People, let me stress there are two different propositions: 1. “I don’t like desserts.” 2. “I don’t like desserts (with economist’s hat on).” I meant mainly the … Continue reading

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Are desserts in decline?

I hope so. Todd Kliman writes: The problem is that restaurateurs are unwilling to charge more than $30 an entrée. That number has held steady for years, the Maginot Line of the industry. Forced to look elsewhere, they’ve sought to … Continue reading

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Does the Shake Shack IPO mean you should stop eating there?

A simple theory of IPOs suggests that they arrive when a product or company is experiencing “peak buzz,” or at least when the insiders in the privately held company think they are at or near peak buzz. This will maximize … Continue reading

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Should a restaurant require prepayment for meals?

This I found in a Quora forum on prepaid meals in China: We’ve actually experimented with prepaid vs postpaid meals in our restaurant. The verdict? Upfront payment increased table turnover by over 80%. The difference is that customers who haven’t … Continue reading

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Is there a case against small plates on restaurant menus?

That is the current rage in the DC dining scene, namely that you can more easily order lots of “small plates” rather than a big plate with steak and spinach. Neil Irwin makes the case against that practice here, Matt … Continue reading

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More food writers should be making this kind of point

Arabic Knowledge@Wharton: So when companies like Wal-Mart bring their logistics ability to Africa, it actually could be a good thing for the poor people of Africa? Cowen: It’s exactly what we need more of. Yes. Arabic Knowledge@Wharton: Yet there’s a … Continue reading

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“Getting a good meal in D.C. requires some ruthless economics”

This piece is by me, in The Washington Post. Here is one bit: The key is to hit these restaurants in the “sweet spot” of their cycle of rise and fall. At any point in time Washington probably has five … Continue reading

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The Matt Yglesias take on restaurant decline

Matt writes: Imagine some diners are, by temperament, venturesome while others are regulars. Over the long term, the best business strategy is to appeal to regulars since they offer a stable client base. But when a restaurant is new, it … Continue reading

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Rice Paper

Rice Paper, web site, 6775 Wilson Blvd., Eden Center, Falls Church, VA, 703-538-3888, Eden Center, (Metro Trip Planner – opens in new window) [Washingtonian | Vim’s Palate | Don Rockwell | Yelp] The trendiest Vietnamese place around, and the one … Continue reading

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Posted in Beautiful Women, Eden Center, Falls Church/Seven Corners, Vietnamese, Virginia | Tagged , , | 2 Comments