Monday, 2 November 2009

Payall Bidding to explain political lobbying.

I haven't the time for a proper post this morning. So instead, brazenly stolen from Marginal Revolutions: Payall Bidding to explain political lobbying.




I wonder at which point you you are indifferent to bidding. Is there even such a point? In fixed increment bidding, the point is probably equal to the increment you win plus the bid in terms of the indifference point. But don't quote me on that.

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