The SR here used to do $10 dances during the day, the dancers kept the whole fee. Last year they raised the prices to $25 with the dancers keeping 20. Universally the dancers all made less, much less. The place was empty most of the time. They've since moved to $15, but the dancers only get $10. They still haven't recovered, the dancers who could get $25/dance moved to other clubs and brought their clients with them. Now without the clients they can't draw in the girls.
Cheetah Pompano down the street does $10 table dances that are popular, but also has $25 lap dances. The girls I've asked almost all prefer doing more of the $10 dances to fewer $25 ones.
I think something that's lost in the value calculation is the other time that goes into selling a dance. A quick intro and a 2 minute chat is usually sufficient to sell a couple $10 dances. Even those seeking repeat business don't have to do much post-dance chit-chat to secure a positive exit feeling. At $25, a lot of customers want significant pre/post dance time. The pre-dance time is high risk too, since they could put in 20-30 mins chatting it up only to get shot down. At the end of transaction, I may buy 4 $10 dances or 2 $25 ones. I probably give both dancers $60, $5 tip per dance. The dancer selling $10 dances may have spent a song before/after with me at most. The dancer selling $25 dances probably spent 2/3 before/after at least. So, the $10 dancer walks away with $60 for 6 songs worth of work while the $25 dancer walks away with $50 for 7+ songs worth of work.
Basically, I think its better for the strippers at $10/dance - but its better for the house at $25. This of course ignores any house fees...