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Department of Economics, Aarhus School of Business, University of Aarhus 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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