The Economics of Food Courts

Q3 Business, Management and Accounting

Journal of Agricultural and Food Industrial Organization Pub Date : 2022-06-20 DOI:10.1515/jafio-2022-0001

Jason A. Winfree, C. Allen

引用次数: 0

Abstract

Abstract This paper examines food courts, where vendors are competing with each other for a fixed number of consumers. This case may arise when consumers are traveling and patronize a food court, or if the destination is a food court. A contest success function is used to describe consumers’ choices, as well as vendor investment and profitability. Using a contest success function allows for varying degrees of substitution between the vendors. Substitution can be a function of location or product space. The model analyzes revenue sharing and changes in product differentiation when aggregate demand for the food court is fixed. The model is also examined if the food court has a collective reputation that depends upon the average investments of each vendor.

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美食法庭的经济学

摘要本文考察了食品广场，在这里，小贩们为了争夺固定数量的消费者而相互竞争。这种情况可能发生在消费者旅行并光顾美食广场时，或者如果目的地是美食广场。竞争成功函数用于描述消费者的选择，以及供应商的投资和盈利能力。使用竞争成功函数可以在供应商之间进行不同程度的替代。替代可以是位置或产品空间的函数。该模型分析了当对美食广场的总需求固定时，收入共享和产品差异化的变化。该模型还考察了美食广场是否具有取决于每个供应商平均投资的集体声誉。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Agricultural and Food Industrial Organization Business, Management and Accounting-Business, Management and Accounting (all)

CiteScore

3.10

自引率

0.00%

发文量

期刊介绍： The Journal of Agricultural & Food Industrial Organization (JAFIO) is a unique forum for empirical and theoretical research in industrial organization with a special focus on agricultural and food industries worldwide. As concentration, industrialization, and globalization continue to reshape horizontal and vertical relationships within the food supply chain, agricultural economists are revising both their views of traditional markets as well as their tools of analysis. At the core of this revision are strategic interactions between principals and agents, strategic interdependence between rival firms, and strategic trade policy between competing nations, all in a setting plagued by incomplete and/or imperfect information structures. Add to that biotechnology, electronic commerce, as well as the shift in focus from raw agricultural commodities to branded products, and the conclusion is that a "new" agricultural economics is needed for an increasingly complex "new" agriculture.