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consumption on purchasing behavior at a restaurant chain. We find that customers, in the aggregate, made most of the item …
Persistent link: https://www.econbiz.de/10012459009
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10012794558
Heated tobacco products (HTPs), a harm reducing cigarette alternative, gained popularity over the past decade and appear to have contributed significantly to the reduction of smoking in Japan. While the increased popularity of HTPs suggests a consumer preference for cigarette alternatives, there...
Persistent link: https://www.econbiz.de/10015171702
We state a sufficient condition under which choice data alone suffices to identify consumer preferences when choices are not fully informed. Suppose that: (i) the data generating process is a search model in which the attribute hidden to consumers is observed by the econometrician; (ii) if a...
Persistent link: https://www.econbiz.de/10012482030
and social frictions influence restaurant visits within New York City. Transit time plays a first-order role in … on restaurant choices: individuals are less likely to visit venues in neighborhoods demographically different from their … restaurant consumption in New York City is only about half as segregated as residences. Consumption segregation owes more to …
Persistent link: https://www.econbiz.de/10012453889
restaurant food, but it remains unclear the extent to which this information disclosure affects consumer knowledge. This paper … disclosure significantly reduces the extent to which consumers underestimate the number of calories in restaurant food; the … content of the restaurant food they ordered. Even among the treatment group who received calorie labels, the average absolute …
Persistent link: https://www.econbiz.de/10012481709
The 2010 Patient Protection and Affordable Care Act (ACA) introduced a mandate requiring chain restaurants to post calorie counts on menus and menu boards. This paper investigates whether and why calorie posting laws work. To do so, we develop a model of calories consumed that highlights two...
Persistent link: https://www.econbiz.de/10012482049
restaurant hygiene. We first extract signals of hygiene from Yelp. Among all dimensions that regulators monitor through mandated … restaurant inspections, we find that reviews are more informative about hygiene dimensions that consumers directly experience … - food temperature and pests - than other dimensions. Next, we find causal evidence that consumer demand is sensitive to …
Persistent link: https://www.econbiz.de/10012938684
Subway restaurant. These results contrast with past studies of negative information disclosure, which tend to find negative …
Persistent link: https://www.econbiz.de/10014421207
TripAdvisor data on restaurant cuisines, along with Euromonitor data on overall and fast food expenditure, this paper calculates … market for another cultural good, food at restaurants, is roughly ten times larger than the markets for music and film. Using … most popular cuisines are Italian, Japanese, Chinese, Indian, and American. Third, excluding fast food, the largest net …
Persistent link: https://www.econbiz.de/10012479969