gourmet magazines, releases of prestige wines, international restaurant rankings, and the opening of spectacular restaurants … restaurants is often assumed to attract visitors who seek unique experiences, and thereby also stimulate turnover on related … markets. In addition, it is also common to presume that haute cuisine restaurants are dependent on access to local and …

; nearly all independent restaurants left prices unchanged whereas a substantial fraction of restaurants belonging to chains …-segment indicators. Instead, differences appear to arise because independent restaurants aim for (very) crude price ranges rather than …

detailed information on income at a regionally disaggregated level and individual data on Austrian restaurants, we demonstrate …

detailed information on income at a regionally disaggregated level and individual data on Austrian restaurants, we demonstrate …

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 …

-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 …