Total ripoff or fair market value? 14.5 Euro (or 108 DKK at the current exchange rate) for a not very good cup of cappuccino at the Cafe Florian at Piazza San Marco in Venzia. Is this a tourist rip-off due to an asymmetric information market failure or fair market value in an economy where services, brand and other intangible values are everything?


One comment

Carsten Borch April 21, 2008, 02:36 PM
as I recall: if you are outside you automatically pay for the music - and a backseat to history ;-)
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