Written by Amanda Jaworsky While parking is not typically the first thing that people worry about when they drive somewhere, it can be a real hassle. Between being ticketed, towed, or having to pay high meter or garage prices, there are many factors at play within America’s current parking system. Furthermore, as more research is…
Month: June 2022
How Do Buffets Stay Profitable?
Written by Christopher Qian Red Lobster, famously, once canceled its “Endless Crab” buffet after losing over USD 3.3 million. While this may seem shocking to many, from an economics perspective, such a case should be the norm. What restaurants face when opening a buffet is an issue of adverse selection – when one party (the…