SOCIAL ATTRIBUTES AND STRATEGIC EQUILIBRIUM - A RESTAURANT PRICING GAME

被引:34
作者
KARNI, E [1 ]
LEVIN, D [1 ]
机构
[1] UNIV HOUSTON,HOUSTON,TX 77004
关键词
D O I
10.1086/261956
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a game-theoretic approach, we examine possible equilibrium explanations of the often-observed phenomenon that two neighboring restaurants offering similar menus nevertheless experience vastly different demands. The essential aspect of this analysis is the presence of a consumption externality that makes the popularity itself a factor in the determination of the relative attractiveness of the restaurants.
引用
收藏
页码:822 / 840
页数:19
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