2 ms·
Where is the information asymmetry? Let's boil down weddings to needing to book a venue and have catering. The same could be said for planning a family reunion.
by JMTQp8lwXL 8y ago
Where is the information asymmetry? Let's boil down weddings to needing to book a venue and have catering. The same could be said for planning a family reunion. You'd contact numerous venues and catering services and get the best prices, and then your event is planned.
In the case of a couple planning their wedding, what exactly do these service providers know that the couple does not? How much food ordinarily costs, when catered? How much a particular venue space usually rents for, for an evening?
- evrydayhustling 8y agoYou boiled out all the wedding specific stuff :). There are special conventions around everything from flowers to officiants to PA systems to photographers to DJs to invitations to rehearsals -- all things that most folks will never have done. (Separately, a tiny percentage of folks have ever planned a family reunion, let alone more than once). Finally, even services that should be commoditized, like catering, segment their prices and offerings for weddings, because they can.
- ghaff 8y ago>because they can And also because they're probably often a PITA compared to some conference or corporate event. I'm not saying corporate/conference event planners don't make a genuine effort to get things right. Smaller events, in particular, can be very well done. But no one's going to freak out if some aspect of the dinner isn't just so.