Working Papers, Department of Economics, Aarhus School of Business, University of Aarhus
No 10-2:
Stars War in French Gastronomy: Prestige of Restaurants and Chefs’ Careers
Olivier Gergaud ()
, Valérie Smeets ()
and Frédéric Warzynski ()
Abstract: In this paper, we analyze the careers from a sample of
more than 1,000 top French chefs over more than twenty years and link it to
the success or reputation of the restaurants where they have worked. This
allows us to test what are the determinants of success but also to
investigate the dynamics of performance and reputation, stressing the
importance of the quality of apprenticeships, mentoring and
entrepreneurship spirit. We find that the prestige of the restaurant where
individuals work is on average declining along the career, and that the
quality of apprenticeship is strongly related to the future success as
chef. We also find that prices of restaurants with higher reputation are
more sensitive to bad signals.
Keywords: No; keywords; (follow links to similar papers)
JEL-Codes: J24; (follow links to similar papers)
24 pages, January 1, 2010
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