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- W2783450113 abstract "A few upscale restaurants in the United States recently have ended the practice of tipping their wait staff, preferring a fixed labor cost method of compensation. This attempt to change this long-standing cultural practice presents a fascinating opportunity to explore a variety of economic concepts including principal-agent problems, gains-from-trade, price discrimination, and cultural institutions designed to build trust. I argue that tipping remains an economically efficient means of providing quality service wherein restaurant owners, wait staff, and customers all benefit in what can be a win-win-win situation. The norm of tipping also provides an excellent example to teach basic economic principles and foster classroom discussion." @default.
- W2783450113 created "2018-01-26" @default.
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- W2783450113 date "2017-01-01" @default.
- W2783450113 modified "2023-09-23" @default.
- W2783450113 title "Teaching 'Tips': An Economic and Pedagogical Defense of Gratuities" @default.
- W2783450113 doi "https://doi.org/10.2139/ssrn.3070338" @default.
- W2783450113 hasPublicationYear "2017" @default.
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