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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
Posted in Economics of Dining, Hamburgers
Tagged Danny Meyer, GWHBc5tmrRY, intertemporal substitution, IPO, moral hazard, peak buzz, peak quality, Shake Shack, signaling, USA9LF8crIA
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