In The Armchair Economist, Landsburg describes the "Glum Losers" auction. The winner (the highest bidder) gets the product and everyone else pays the amount of their bid.
Has this auction ever been used? If so, any details?
Cyril Morong
- Re: Glum losers auction CyrilMorong
- Re: Glum losers auction John Perich
- Re: Glum losers auction sjostrom
