Beautiful Women and Restaurant Decline

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

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

Moneybox
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.