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This paper uses data from the 2021 Swiss edition of the Gault&Millau food guide to analyze the probability with which restaurant owners decide to share their wine list with the public. This is an important question relating to the amount of information circulating in markets characterized by...
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In this paper, we analyze the careers from a sample of more than 1,000 top French chefs over more than twenty years and link it to the success or reputation of the restaurants where they have worked. This allows us to test what are the determinants of success but also to investigate the dynamics...
Persistent link: https://www.econbiz.de/10008478926
Experts' opinions play an important role in the gastronomic market for the following reasons: information is imperfect and very costly to acquire and quality is, in large part, subjective and consumers need experts to define it. The number of guidebooks currently issued, their success (Michelin:...
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When studying the problem of the emergence of superstars, scholars face great difficulties in measuring talent, obtaining confidential data on earnings, and finding econometric techniques that lead to results that are robust to the presence of outliers (superstars). In this paper we use an...
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How do individuals, goods or services (e.g. researchers) through their own reputation give birth to a group's reputation (e.g. a laboratory) and conversely how do they take advantage of this group's reputation. Do they contribute to (derive benefit from) the group's reputation proportionally to...
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[eng] Champagne is a product whose quality is difficult to evaluate, even a posteriori, by the consumer. Firms exploit this particularity and invest in reputation either by producing a wine of high quality or by means of public recognition through advertising. Thus, it is optimal for a producer...
Persistent link: https://www.econbiz.de/10008608002