3 ms·
The Goethe Auction (2012)
- danieltillett 11y agoI am not sure why this has been linked as the Vickery auction page is a better description [1]. I have to say I have a soft spot for auction theory with a weakness for Amsterdam auctions [2]. 1. https://en.m.wikipedia.org/wiki/Vickrey_auction https://en.m.wikipedia.org/wiki/Vickrey_auction 2. https://en.m.wikipedia.org/wiki/Auction_theory https://en.m.wikipedia.org/wiki/Auction_theory
- mafribe 11y agoI guess because it's historically interesting. For your convenience, the paper mentioned in this article, "Goethe's Second-Price Auction", can be found at https://www.econ2.uni-bonn.de/pdf/goethes_second.pdf https://www.econ2.uni-bonn.de/pdf/goethes_second.pdf
- danieltillett 11y agoThanks. This is much more interesting :)
- kawera 11y agoI linked this because I found it interesting and amusing to see a poet playing economics with his poems.