Template-Type: ReDIF-Paper 1.0
Author-Name: Dakshina De Silva
Author-Name-First: Dakshina
Author-Name-Last: De Silva
Author-Name: Caroline Elliott
Author-Name-First: Caroline
Author-Name-Last: Elliott
Author-Name: Robert Simmons
Author-Name-First: Robert
Author-Name-Last: Simmons
Title: Restaurant wars
Abstract: This paper investigates spatial competition and the price-quality relationship in the UK gourmet restaurant sector using a comprehensive panel data set compiled from the UK Good Food Guide. A positive relationship between meal prices and restaurant quality as assessed by the Guide is identified. Moreover, restaurants appear to raise prices when the number of restaurants in close proximity that offer similar cuisine increases. Yet restaurants are found to reduce prices in line with standard competitive market responses when there are a greater number of similar restaurants placed further apart.
Creation-Date: 2013
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/Restaurant_Wars.pdf
File-Format: application/pdf
Number: 44312700
Classification-JEL: 
Keywords: 
Handle: RePEc:lan:wpaper:44312700