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  Norms, moods, and free lunch: Longitudinal evidence on payments from a Pay-What-You-Want restaurant

Traxler, C., & Rienner, G. (2012). Norms, moods, and free lunch: Longitudinal evidence on payments from a Pay-What-You-Want restaurant. Journal of Socio-Economics, 41, 476-483.

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Traxler, Christian1, Author           
Rienner, Gerhard, Author
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1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

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 Abstract: 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.

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 Dates: 2012
 Publication Status: Published in print
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 Rev. Type: Peer
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Title: Journal of Socio-Economics
Source Genre: Journal
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Pages: - Volume / Issue: 41 Sequence Number: - Start / End Page: 476 - 483 Identifier: -