Subject:
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Re: When is "Not an Auction" really an auction?
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 1 Dec 1999 23:51:45 GMT
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Viewed:
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225 times
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In lugnet.market.theory, Mike Stanley writes:
> Larry Pieniazek <lar@voyager.net> wrote:
> > I'm with you. These are auctions. However, the powers that be have
> > already ruled that single round sealed bid auctions are OK for b-s-t.
>
> Really? That's weird - Todd's a really smart guy. How could he be
> dead wrong on this issue?
He's not dead wrong, he's decided otherwise. For an insight into his logic,
see:
http://www.lugnet.com/admin/general/?n=2771
Which gives some of his points. I know he's made others, but I couldn't find
them easily.
As an aside, I agree with Larry and Derrick. SRSB auctions are not something I
think belongs in BST.
In my brain, the fact that you don't know who your bidding against or how much
they bid makes it no less an auction. OTOH, my brain has been wrong before.
James
http://www.shades-of-night.com/lego/
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Message has 1 Reply:
 | | Re: When is "Not an Auction" really an auction?
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| (...) When you see an OBO in the newspaper and you call someone up and make an offer, you don't know who you're competing against either. OBO's are "sealed bid auctions" too. They're the same thing. But they're actually not auctions in spirit. (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)
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