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That was my reaction too. You see exactly the same thing with concert tickets and scalpers. It's supply and demand problem that venues want to use rationing b
by nohuck13 13y ago
That was my reaction too. You see exactly the same thing with concert tickets and scalpers. It's supply and demand problem that venues want to use rationing because it increases cachet, but abritrageurs have an incentive to step in and resell for the "market" price.
I wonder if we'll see more Ticketmaster-style countermeasures on reservation sites soon.
Or more restaurants varying their prices for high- and low-demand times like Alinea in Chicago (https://www.alinearestaurant.com/website/welcome/ https://www.alinearestaurant.com/website/welcome/)
- ChuckMcM 13y agoGiven the low margins on restaurants they could clearly benefit economically by having a 'cost' reserved table, which is to say for $x you can sit down right now vs wait in the regular queue. Of course it would be interesting to plot tips from people who paid extra for rapid seating vs those who waited.