Social Attributes and Strategic Equilibrium: A Restaurant Pricing Game.

S-Tier
Journal: Journal of Political Economy
Year: 1994
Volume: 102
Issue: 4
Pages: 822-40

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Using a game-theoretic approach, the authors examine possible equilibrium explanations of the often-observed phenomenon that two neighboring restaurants offering similar menus nevertheless experience vastly different demands. The essential aspect of this analysis is the presence of a consumption externality that makes the popularity itself a factor in the determination of the relative attractiveness of the restaurants. Copyright 1994 by University of Chicago Press.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:102:y:1994:i:4:p:822-40
Journal Field
General
Author Count
2
Added to Database
2026-01-25