| Comment | Interesting study that backs up what you're saying:
https://stanfordeconjournal.com/2018/07/08/shin-michelin-star/
Basically, having a Michelin Star (or 2 or 3) increases prices significantly, but *earning* a star makes little difference - indicating that restaurants with stars are generally already charging the price premium their customers are willing to pay before they are given them. |
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