Social Attributes and Strategic Equilibrium: A Restaurant Pricing Game
用博弈论解释相邻餐馆菜单相似但需求悬殊的现象,关键在于消费外部性使受欢迎程度本身成为影响餐馆吸引力的因素。
Using a game-theoretic approach, the authors 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. Copyright 1994 by University of Chicago Press.