>should be put up for auction rather than being first-come-first-served. Have you by chance heard of the Coase Theorem in economics? Which states that given th

>should be put up for auction rather than being first-come-first-served. Have you by chance heard of the Coase Theorem in economics? Which states that given that property rights are well defined and transaction costs relatively low, initial distribution of the property rights will not affect the efficiency of the final outcome reached. In other words, if a given company is given the rights to something and some other company would value that thing more, we do not have a problem, they will negotiate to the efficient outcome on their own by trade.