Is it just me, or does the discount for take-out dining seem way too
low? You avoid paying a tip, yes. But you save the restaurant the cost
of waiters, tables, space, etc. You might say that space is not really
scarce except at peak times, but still, most dining is down during those
peak times, no?
The same goes for mail order vs. brick-and-mortar stores. The Internet
crash makes it seem like mail order can't afford to discount 40% below
brick-and-mortar. But why not? It sure seems like a website must be
vastly cheaper to run than a physical store, especially when one website
can do the work of thousands of local stores.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides it was not
necessary that anyone but himself should understand it."
Leo Tolstoy, *The Cossacks*
