Tyler Cowen on Pay as You Wish Restaurants

Tyler Cowen, well-known for both his blog and his foodie tendencies, recently told Salon.com that extending pay-as-you-wish pricing to restaurants is a bad idea. “Part of the problem is if you’re a customer and what you pay is voluntary, you’re under pressure to pay a lot of money,” says Cowen. “You do it once to prove to yourself and others how charitable you are, but how many people go back 17 times?”[%comments]