Pitch Engine
The Times Real Estate

.

Need to find a good restaurant? Economics serves up some golden rules

  • Written by Lionel Page, Professor in Economics, University of Technology Sydney
Need to find a good restaurant? Economics serves up some golden rulesStay away from the tourists traps, economics tells us. Your best bet are those cozy places away from the bustle.www.shutterstock.com

Where to eat? It’s a question you’ve probably pondered when visiting somewhere unfamiliar. Though it’s fun to explore a strange suburb, town or city, when you’re hungry you’d rather...

Read more: Need to find a good restaurant? Economics serves up some golden rules

More Articles ...

  1. How a humble Perth boathouse became Australia's most unlikely tourist attraction
  2. Vital Signs: Once were Kiwis. Here's the hidden history of Australia's own well-being framework
  3. Myth busted. Boosting super would cost the budget more than it saved on age pensions
  4. 50 years after Australia's historic 'equal pay' decision, the legacy of 'women's work' remains
  5. Why the Australasian Health Star Rating needs major changes to make it work
  6. Below zero is ‘reverse’. How the Reserve Bank would make quantitative easing work
  7. Inducing consumer paralysis: how retailers bury customers in an avalanche of choice
  8. Vital Signs: the RBA's marching orders are no longer realistic. They'll have to change
  9. Mending hearts: how a ‘repair economy’ creates a kinder, more caring community
  10. More people are retiring with high mortgage debts. The implications are huge
  11. Our economic model looks broken, but trying to fix it could be a disaster
  12. Vital Signs. If we fall into a recession (and we might) we'll have ourselves to blame
  13. Expect weak economic growth for quite some time. What Wednesday's national accounts tell us
  14. The Reserve Bank will cut rates again and again, until we lift spending and push up prices
  15. What's the difference between credit and debt? How Afterpay and other 'BNPL' providers skirt consumer laws
  16. The search for an alternative to GDP to measure a nation's progress – the New Zealand experience
  17. Explaining Adani: why would a billionaire persist with a mine that will probably lose money?
  18. As privacy is lost a fingerprint at a time, a biometric rebel asserts our rights
  19. Vital Signs: APRA is going to make it easier to borrow. It could be another one of its bad calls
  20. If the Adani mine gets built, it will be thanks to politicians, on two continents
  21. The behavioural economics of discounting, and why Kogan would profit from discount deception
  22. Why regional universities are at risk of going under
  23. It's time we moved the goalposts on Indigenous policies, so they reflect Indigenous values
  24. Uber drivers' experience highlights the dead-end job prospects facing more Australian workers
  25. If you think less immigration will solve Australia's problems, you're wrong; but neither will more
  26. Where to now for unions and 'change the rules'?
  27. Sex trafficking's tragic paradox: when victims become perpetrators
  28. Cutting interest rates is just the start. It's about to become much, much easier to borrow
  29. 3 lessons from behavioural economics Bill Shorten's Labor Party forgot about
  30. Going up. Monday showed what the market thinks of Morrison
  31. 'Do no harm' isn't enough. Why the banking royal commission will ultimately achieve little
  32. Their biggest challenge? Avoiding a recession
  33. What I learned from Bob Hawke: economics isn't an end itself. There has to be a social benefit
  34. It's the only way to save Australia from a deep hole, but innovation policy is missing in action
  35. Shock. More investment isn't necessarily better. Those instant asset write-offs are bad tax policy
  36. Real estate agents targeting tenants is the lowest of the low blows during election 2019
  37. Cutting penalty rates was supposed to create jobs. It hasn't, and here's why not
  38. Danger. Election 2016 delivered us Robodebt. Promises can have consequences
  39. Labor's idea of an Evaluator General could dramatically cut wasteful spending
  40. At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?
  41. Small, but well-formed. The new home deposit scheme will help, and it's unlikely to push up prices
  42. The next government can usher in our fourth decade recession-free, but it will be dicey
  43. The brutal truth on housing. Someone has to lose in order for first homebuyers to win
  44. That election promise. It will help first home buyers, but they better be cautious
  45. Trick question: who's the better economic manager?
  46. Labor's costings broadly check out. The days of black holes are behind us, thankfully
  47. Egging the question: can your employer sack you for what you say or do in your own time?
  48. Giving workers a voice in the boardroom is a compelling corporate governance reform
  49. Mine are bigger than yours. Labor's surpluses are the Coalition's worst nightmare
  50. Unions do hurt profits, but not productivity, and they remain a bulwark against a widening wealth gap