miércoles, 28 de septiembre de 2011

¿Por qué hacen reservas los restaurantes?

We examine the role of reservations in capacity-constrained services with a focus on restaurants. Although customers value reservations, restaurants typically neither charge for them nor impose penalties for failing to keep them. However, reservations impose costs on firms offering them. We offer a novel motivation for offering reservations that emphasizes the way in which reservations can alter customer behavior. We focus on a market in which demand is uncertain and the firm has limited capacity. There is a positive chance that the firm will not have enough capacity to serve all potential customers. Customers are unable to observe how many potential diners are in the market before incurring a cost to request service. Hence, if reservations are not offered, some may choose to stay home rather than risk being denied service. This lowers the firm’s sales when realized demand is low. Reservations increase sales on a slow night by guaranteeing reservations holders service. However, some reservation holders may choose not to use their reservations resulting in no shows. The firm must then trade off higher sales in a soft market with sales lost to no shows on busy nights. We consequently evaluate various no-show mitigation strategies, all of which serve to make reservations more likely in equilibrium. Competition also makes reservations more attractive; when there are many small firms in the market, reservations are always offered.
Alexandrov, Alexei and Lariviere, Martin, Are Reservations Recommended? (August 31, 2011). Available at SSRN:
Quizá por esta razón se explica que unas discotecas seleccionen a su clientela mientras otras permiten la entrada a cualquiera hasta cubrir el aforo: se pueden permitir el lujo de que algunos de sus potenciales clientes ni siquiera aparezcan ante el temor de ser rechazados.

1 comentario:

Andres Recalde dijo...

alguna vez pienso que algunos economistas se dedican de vez en cuando a cuestionarse sobre el color del caballo blanco de Santiago.

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