Comments on: Free Lunch — Unless You’re In A Suit http://www.profswitzer.com/blog/2010/05/free-lunch-unless-youre-in-a-suit/ Economics, Politics, Entertainment and Life in Academia Wed, 18 Jan 2012 20:37:58 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Benjamin Seghers http://www.profswitzer.com/blog/2010/05/free-lunch-unless-youre-in-a-suit/comment-page-1/#comment-5324 Benjamin Seghers Thu, 29 Jul 2010 22:35:49 +0000 http://www.profswitzer.com/blog/?p=1275#comment-5324 I just read a short article about this in Time magazine today while I was waiting in an office. Unfortunately, you can't read the whole thing <a href="http://www.time.com/time/magazine/article/0,9171,2005870,00.html" rel="nofollow">online</a>. I think they mention how average price paid is 90% of retail price and that sales are up. However, other shops nearby were complaining because they "can't compete with free," and so have seen up to a 40% in lost business. I just read a short article about this in Time magazine today while I was waiting in an office. Unfortunately, you can’t read the whole thing online. I think they mention how average price paid is 90% of retail price and that sales are up. However, other shops nearby were complaining because they “can’t compete with free,” and so have seen up to a 40% in lost business.

]]> By: Benjamin Seghers http://www.profswitzer.com/blog/2010/05/free-lunch-unless-youre-in-a-suit/comment-page-1/#comment-5303 Benjamin Seghers Mon, 14 Jun 2010 16:00:19 +0000 http://www.profswitzer.com/blog/?p=1275#comment-5303 Any word back from them? (Benjamin -- yeah, I got a boilerplate response of "thank you for your interest." I'm going to try again soon. - Dave) Any word back from them?

(Benjamin — yeah, I got a boilerplate response of “thank you for your interest.” I’m going to try again soon. – Dave)

]]> By: Justin http://www.profswitzer.com/blog/2010/05/free-lunch-unless-youre-in-a-suit/comment-page-1/#comment-5297 Justin Fri, 04 Jun 2010 22:13:49 +0000 http://www.profswitzer.com/blog/?p=1275#comment-5297 I'm skeptical of how well this is going to work. If they think wealthier people will end up paying more, why don't wealthy people leave more tips when there's set prices? Also, why wouldn't a customer who would have bought something (lets say coffee) at a price of $2 pay $1 instead, and grab more consumer surplus? I’m skeptical of how well this is going to work. If they think wealthier people will end up paying more, why don’t wealthy people leave more tips when there’s set prices? Also, why wouldn’t a customer who would have bought something (lets say coffee) at a price of $2 pay $1 instead, and grab more consumer surplus?

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