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That's a Dutch auction: https://en.wikipedia.org/wiki/Dutch_auction https://en.wikipedia.org/wiki/Dutch_auction. I agree that reverse auctions would be a simpl
by edschofield 1y ago
That's a Dutch auction: https://en.wikipedia.org/wiki/Dutch_auction https://en.wikipedia.org/wiki/Dutch_auction.
I agree that reverse auctions would be a simple solution the current scalper problem. If demand outweighs supply, scalpers drive up the prices toward their economic equilibrium anyway, making ticket prices just as "unfair" to the poor, but with additional problems of trust...
- Hobadee 1y agoThat's not actually a Dutch Auction. Sounds more like the "eBay ascending uniform-price mechanism". (From the same Wikipedia article)