@article{craig_treme_weiss_2023, title={The (menu) price effect of a Michelin star}, ISSN={["1466-4291"]}, DOI={10.1080/13504851.2023.2276076}, abstractNote={We employ a unique data set of menu prices for every French and British restaurant that achieved three-star status in the Michelin Guides at least once during the restaurant’s operating life. We find that additional stars resulted in higher menu prices. In contrast, beyond some level, earning an additional number of ‘knives and forks’, the guide’s measure of service, ambience, and décor, does not confer additional pricing power to restaurants. Our results suggest restauranteurs pursuing an additional Michelin star should emphasize investments in chefs and ingredients – as opposed to service, ambience, and décor.}, journal={APPLIED ECONOMICS LETTERS}, author={Craig, Lee A. and Treme, Julianne and Weiss, Thomas J.}, year={2023}, month={Nov} }
 @article{weiss_craig_treme_2022, title={The spy who dined well: James Bond and the real cost of fine dining}, ISSN={["1466-4283"]}, DOI={10.1080/00036846.2022.2091108}, abstractNote={ABSTRACT We constructed a time series of menu prices for the identifiable restaurants at which James Bond dined in France that yields one of the few international price series representing luxury services. We also compiled a time series on the salary of workers in the British Civil Service at Grade 7, like Bond, from 1953 to 2019. Our results indicate that French restaurant prices increased faster than Grade 7 salaries over the entire period and changes in the British exchange rate were not favourable for Bond. To dine weekly in France, during the 1950s and 1960s, Bond would have spent 18% of his salary; whereas over the course of the Euro era the same basket of luxury services would have required on average 26% of his salary.}, journal={APPLIED ECONOMICS}, author={Weiss, Thomas J. and Craig, Lee A. and Treme, Julianne}, year={2022}, month={Aug} }
 @article{treme_craig_copland_2019, title={Gender and box office performance}, volume={26}, ISSN={["1466-4291"]}, DOI={10.1080/13504851.2018.1495818}, abstractNote={ABSTRACT We analyse the box office–movie star relationship since the 1990s. We find that, on average, the contribution of at least one star was large, equalling roughly 10% of a film’s revenues. Also, consistent with the substantial difference in the average compensation between male and female stars, having a male star in a film generated a premium in the neighbourhood of 12%, while female star had no statistical impact on a movie’s performance.}, number={9}, journal={APPLIED ECONOMICS LETTERS}, author={Treme, Julianne and Craig, Lee A. and Copland, Andrew}, year={2019}, month={May}, pages={781–785} }