کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
970730 1479539 2012 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Norms, moods, and free lunch: Longitudinal evidence on payments from a Pay-What-You-Want restaurant
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Norms, moods, and free lunch: Longitudinal evidence on payments from a Pay-What-You-Want restaurant
چکیده انگلیسی

We study the distribution and evolution of payments in a Pay-What-You-Want restaurant. Despite missing price tags and despite the option to pay nothing at all, we observe that the vast majority of guests makes strictly positive payments. Over the two years covered by our data, average payments decline slightly, converging at a positive level. At the same time, the number of daily guests increases steadily, resulting in a considerable increase in total revenues. We discuss one possible interpretation of the long-term trend in payments in terms of social norms. We further show that short-term fluctuations in average payments are partly explained by exogenous weather changes. We provide evidence that – in line with work in psychology – weather-induced changes in mood affect payments.


► We study the distribution and evolution of payments in a Pay-What-You-Want restaurant.
► We observe that the vast majority of guests makes strictly positive payments.
► Over the two years observation period, average payments declined, converging at a positive level.
► Short-term fluctuations in average payments are partly explained by changes in weather.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Socio-Economics - Volume 41, Issue 4, August 2012, Pages 476–483
نویسندگان
, ,