Adriano Dutra Teixeira, a Brazilian economist, sent us this photo from a restaurant. As he translates:
“Social Responsibility: 50% discount on meal for clients over 70 or bariatric surgery (stomach reduction).”
I thought it was hilarious! So I wrote a blog post with a microeconomic approach to the promotion, using price discrimination.
I had to chuckle, in part because we’re finishing up a podcast about commitment devices, in which Levitt offers some bizarre alternatives to bariatric surgery (which we wrote about here), since it is such a drastic commitment.