3 ms·
What you are talking is second price auction. Winner gets the house, but pays the price of the runner-up. I wish this existed.
by tehlike 10y ago
What you are talking is second price auction.
Winner gets the house, but pays the price of the runner-up. I wish this existed.
- infinite8s 10y agoWhy would a seller agree to this type of auction?
- skj 10y agoTo get people to be more aggressive with their bids.