Two things about drink prices come to my mind, at
least one of which has been mentioned.
1. People go to bars for atmoshpere as well as booze,
so perhaps price can vary without affecting the
purchase decision too much.
2. Think of bars as falling into three classes:
trendy, dive, and regular
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From: Bryan D Caplan [mailto:[EMAIL PROTECTED]]
Sent: Monday, February 04, 2002 4:55 AM
To: [EMAIL PROTECTED]
Subject: Re: drink prices
Joel Simon Grus wrote:
(1) Where else do people buy things without knowing the price first?
(I've been thinking and have been unable to come up with any
(1) Where else do people buy things without knowing the price first?
Hotel phone calls.
Also, in restaurants people often order drinks before they see the menu.
Prof. Bryan Caplan
There are also many situations where the price can change, and alter
Actually, I've dealt with this situation and it's quite different than
the drink at a bar. When you hire a (decent) carpenter, they will
tell you what additional labor cost, should it be required. A reputable
contractor will have this written out before hand, and you will
have signed an
Prof. Bryan Caplan Writes:
[...]
Joel Simon Grus wrote:
(1) Where else do people buy things without knowing the price first?
(I've been thinking and have been unable to come up with any examples.)
Hotel phone calls.
Before single-price nationwide long distance became popular,
people used
On Sunday, February 03, 2002 1:49 AM Joel Simon Grus
[EMAIL PROTECTED] wrote:
Last night I went to a bar, and the woman in front of me ordered a
large,
fancy drink. It was poured, and the bartender said $13.00, at which
point the woman objected. Sorry, said the bartender, once it's
poured,
Are you sure this is what happened? I'd guess that the woman
expected a range of price, and was shocked when when she found
out the drink was $13.
(1) Where else do people buy things without knowing the price first?
(I've been thinking and have been unable to come up with any examples.)
People often make impulse purchases at the supermarket as they proceed
through checkout without knowing the price. Indeed, the price is usually not
even marked. I suspect, however, that the explanation is different from the
one I'd employ to explain the phenomenon you describe. Impulse buys
Last night I went to a bar, and the woman in front of me ordered a large,
fancy drink. It was poured, and the bartender said $13.00, at which
point the woman objected. Sorry, said the bartender, once it's poured,
there's nothing I can do.
Many bars seem to have no price lists, and people
