All You Can Eat, or By the Ounce?

Send us Fan MailThere are many different pricing and packaging schemes for serving food in restaurants, and they all seem to coexist. But there are some significant differences, and thinking in terms of transaction costs and adverse selection can help us understand why.Plus, a TWEJ on the eternal optimism of Keynesians: THIS time it might work!Some links:Yoram Barzel, Measurement Cost and the Organization of Markets. The Journal of Law & Economics, Vol. 25, No. 1 (Apr., 1982), pp. 27-48   https://www.jstor.org/stable/725223Comeback of "all you can eat" https://www.today.com/food/restaurants/all-you-can-eat-buffets-comeback-rcna99462Buffets, pricing, and management, seller's perspectivehttps://www.cheftalk.com/threads/pricing-salad-bars-by-weight.70748/https://pdfcoffee.com/buffet-cost-control-pdf-free.html David V. Pavesic (1994) By-The-Ounce Pricing for Salad Bars, Journal of College & University Foodservice, 1:4, 3-11David V. Pavesic and Paul F. Magnant (2005; 2nd Ed).  Fundamental Principles of Restaurant Cost Control, pp. 238-246. Prentice Hall. Consumer's perspectivehttps://www.budgetbytes.com/hit-salad-bar-like-boss/  https://www.refinery29.com/en-us/whole-food-cheap-salad-bar-hacks If you have questions or comments, or want to suggest a future topic, email the show at [email protected] !You can follow Mike Munger on Twitter at @mungowitz