What Does It Say About A Restaurant If It's Full of Beautiful Women?

A blog about business and economics.
April 17 2012 3:19 PM

What Does It Say About A Restaurant If It's Full of Beautiful Women?

Tyler Cowen replies to my take on why restaurants decline over time and now we're basically in agreement:

Don’t think of the model as “what happens to a restaurant when there is an exogenous increase in the beauty of its women” (recall Scott Sumner — “don’t reason from a beautiful women [price] change!” ).  Think of the model as “what does lots of beautiful women predict about the place of a restaurant in its product life cycle?”
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I read the line in the book as making a causal argument that the beautiful women actually induce lower-quality food, but this heuristic interpretation is more consistent with the overall message of An Economist Gets Lunch.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.