3 ms·
Vickrey auctions are really neat! It seems like everyone walks away feeling like they got a good deal. Kevin Lynagh wrote a great blog post about how he convin
by mtlynch 3y ago
Vickrey auctions are really neat! It seems like everyone walks away feeling like they got a good deal.
Kevin Lynagh wrote a great blog post about how he convinced a friend to sell a portion of his inventory of small-run of mechanical keyboards via Vickrey auction.[0]
The friend normally sold the keyboards for $500, but the winners of the Vickrey auction paid $1,668. They were all willing to pay substantially more, too, with the highest bidder offering $2,684.
[0] https://kevinlynagh.com/notes/pricing-niche-products/ https://kevinlynagh.com/notes/pricing-niche-products/
- shubhamgrg04 3y agoIt would be interesting to see if this model can be applied to other enthusiast-driven markets or if it's uniquely suited to markets with high-value, low-volume products."
- zokier 3y agoI think that using uniform price auctions for nvidias troublesome 3080 launch would have been beautiful, same for other things that have issues with scalpers and whatnot
- 1MachineElf 3y agoMakes sense in the context of collectible mechanical keyboards. FWIW if you Google Brand New Model F Keyboards, they're currently doing a sort-of vickrey auction for some upcoming novel designs.