Francesco Angelini, Massimiliano Castellani, Pierpaolo Pattitoni
The quality of fine-dining restaurant food is complex and presents information issues in customers' quality evaluation, configuring this good as a luxury and cultural good. We investigate the role of experts in influencing customers' evaluation and other stakeholders' characteristics in such a sector by analyzing a dataset of top Italian chefs and restaurants from 2011 to 2019. To complement these data, we directly surveyed starred chefs to get their self-assessment. We use a structural equation model to measure cooking knowledge, culinary creativity, chefs' and restaurants' names, and experts' and customers' evaluations. We analyze the relationships between these constructs and variables like meal prices, seating capacity, tourist and resident numbers, and chef's age. Guides play a significant role in shaping customers' evaluations and influencing prices. Furthermore, fine dining experts focus more on evaluating the businesses themselves, the supply side, rather than the chefs' creation process, the “creative side”.
{"title":"Evaluating Chef's Creativity and Restaurant Quality: An Empirical Analysis of the Role of Gastronomic Guides in the Italian Fine-Dining Market","authors":"Francesco Angelini, Massimiliano Castellani, Pierpaolo Pattitoni","doi":"10.1111/kykl.12446","DOIUrl":"https://doi.org/10.1111/kykl.12446","url":null,"abstract":"<p>The quality of fine-dining restaurant food is complex and presents information issues in customers' quality evaluation, configuring this good as a luxury and cultural good. We investigate the role of experts in influencing customers' evaluation and other stakeholders' characteristics in such a sector by analyzing a dataset of top Italian chefs and restaurants from 2011 to 2019. To complement these data, we directly surveyed starred chefs to get their self-assessment. We use a structural equation model to measure cooking knowledge, culinary creativity, chefs' and restaurants' names, and experts' and customers' evaluations. We analyze the relationships between these constructs and variables like meal prices, seating capacity, tourist and resident numbers, and chef's age. Guides play a significant role in shaping customers' evaluations and influencing prices. Furthermore, fine dining experts focus more on evaluating the businesses themselves, the supply side, rather than the chefs' creation process, the “creative side”.</p>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"78 3","pages":"852-873"},"PeriodicalIF":1.5,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.12446","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144524995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Governments often choose deficit financing over budget cuts or tax increases to fund public goods, driven by the political unpopularity of the latter options. This study investigates the potential trade-off between maintaining prudent public finances and securing voter support by analyzing the relationship between preferences for the provision and financing of public goods. We use a survey-based discrete choice experiment with 1808 respondents representative of the German population. Focusing on national defense as a case study, our findings reveal a strong interdependence between spending and financing preferences: individuals who highly value defense readiness and are aware of its costs tend to support deficit-neutral budgeting, favoring tax increases to finance budget expansions. Conversely, those less supportive of defense expenditure prefer debt issuance and budget consolidation, avoiding immediate cost-bearing. Additionally, preferences vary by political and sociodemographic characteristics. These results indicate that citizens' preferences are interdependent, influenced by both revenues and expenditures in the public budget. Moreover, they suggest that prudent fiscal policies aligned with public support—such as tax-based financing for defense—may be politically feasible. Policymakers can leverage these insights to design fiscal strategies that reflect voter priorities, thereby reducing the risk of electoral backlash and promoting sustainable public finances.
{"title":"Interdependent Preferences for Financing and Providing Public Goods—The Case of National Defense","authors":"Armin A. Bolouri, Tim Lohse, Salmai Qari","doi":"10.1111/kykl.12442","DOIUrl":"https://doi.org/10.1111/kykl.12442","url":null,"abstract":"<p>Governments often choose deficit financing over budget cuts or tax increases to fund public goods, driven by the political unpopularity of the latter options. This study investigates the potential trade-off between maintaining prudent public finances and securing voter support by analyzing the relationship between preferences for the provision and financing of public goods. We use a survey-based discrete choice experiment with 1808 respondents representative of the German population. Focusing on national defense as a case study, our findings reveal a strong interdependence between spending and financing preferences: individuals who highly value defense readiness and are aware of its costs tend to support deficit-neutral budgeting, favoring tax increases to finance budget expansions. Conversely, those less supportive of defense expenditure prefer debt issuance and budget consolidation, avoiding immediate cost-bearing. Additionally, preferences vary by political and sociodemographic characteristics. These results indicate that citizens' preferences are interdependent, influenced by both revenues and expenditures in the public budget. Moreover, they suggest that prudent fiscal policies aligned with public support—such as tax-based financing for defense—may be politically feasible. Policymakers can leverage these insights to design fiscal strategies that reflect voter priorities, thereby reducing the risk of electoral backlash and promoting sustainable public finances.</p>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"78 3","pages":"807-821"},"PeriodicalIF":1.5,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.12442","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144525124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}