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Seems interesting actually. Imagine this gets enacted into law: - Corporations put large bids on their competitors products to drive up their bids as well (col
by mihaic 4y ago
Seems interesting actually. Imagine this gets enacted into law:
- Corporations put large bids on their competitors products to drive up their bids as well (colluding has to be explicitly forbidden by law).
- As the amounts bid only result in a 1% payout, a class of high-interest loans for only the short duration of the bids appears.
- One year companies do a mass dump, and let their competitors have their worst inventory.
- A "twelve sigma" event happens and Morgan Stanley has to be bailed out because of all the shit loans needing to be repaid on the spot.
- londons_explore 4y agoI imagine the auction system would be designed to not require upfront collateral if bidding on your own trademarks - merely a deposit of the 1% tax. In that market, I don't think anyone would be taking out high interest loans, and the number of competitor bids might be a few hyper-targeted ones, for example trying to take 'whopper' from burger king.