-through. Differences between independent restaurants and chains is the key explanation for this pattern. While nearly all independent … restaurants effectively ignored the tax reductions and left consumer prices unchanged, a substantial fraction of restaurants … reversion among chain restaurants. The stark difference in price responses does not appear to arise because of different market …

archetypal experience good, restaurants. In collaboration with the platform, we randomize about 200,000 users in 13 Asian cities … into exposure of ads for about 600 local restaurants. Within the exposure group, we randomly vary the disclosure to the … typical city of search, when the uncertainty about restaurant quality is larger, and for restaurants that have received fewer …