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.
No comments:
Post a Comment