All pay auction

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All pay auction

Post  heng.tan on Tue Jun 02, 2009 3:38 am

http://freakonomics.blogs.nytimes.com/2008/12/16/an-all-pay-auction/
This article does a very good example on how the rate of auction changes as well in an all pay auction. It goes to show that in an all pay auction, people’s decision changes as the auction proceeds. It also demonstrates how the seller stands to gain as much as three times the amount being auctioned.

heng.tan

Posts : 17
Join date : 2009-04-01

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