See the Dollar Auction in Action

Here’s a video of a public choice teacher running an all-pay dollar auction, and describing its relevance to lobbying (hat tip: Max Borders).

The teacher misquotes WOPR, but at least he got the reference in there. Crampton runs a twenty dollar auction, which is more interesting because people care about the outcome a little more. He clearly needs to start recording his lectures.

3 Responses

  1. Auction denomination depends on what’s in my pocket at the time….

  2. Awesome video!

  3. interesting video.

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