After closing all of their Panera Cares Cafes where customers were supposed “pay what you want,” Panera might have a problem with the IRS.…
When Pay-What-You-Want Does Not Quite Work Out
Unexpectedly, Panera’s pay-what-you-want cafes couldn’t bring together the normal lunch crowd and people who could not afford a meal.…
A Tale of Two Adam Smiths
Whereas Adam Smith might have valued the Real Junk Food Project, he knew that the market’s agricultural productivity was what really fed people.…
The Restaurant That Lets You Pay What You Want
When “pay what you want” is used to determine restaurant prices, it creates incentives for consumers on the demand side that typically eliminates profit.…