Proposal: US individuals & corporations can donate to candidates, BUT only get a deduction (or 50% tax credit) if their candidate does NOT win. Those who donate to the winner get ... satisfaction.
I realize this is unrealistic, but it seems very attractive. Tom Grey > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] > Sent: Monday, July 29, 2002 1:48 PM > To: [EMAIL PROTECTED] > Subject: Re: Glum losers auction > > > < 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 > > Elections and sporting events are examples. Everyone > competes and pays, only the winner gets the prize. Common > property problems are also examples, for the same reason. > > Bill Sjostrom > > +++++++++++++++ > William Sjostrom > Senior Lecturer > Department of Economics > National University of Ireland, Cork > Cork, Ireland > > +353-21-490-2091 > +353-21-427-3920 (fax) > [EMAIL PROTECTED] > www.ucc.ie/~sjostrom/ >
