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Auction markets in everything
Bid for meals at your favorite restaurants.
That is in Scotland, here is an article about the service.
The pointer is from Mark Steckbeck.
Posted by Tyler Cowen on December 1, 2006 at 10:36 AM in Economics | Permalink
Comments
This would be a fantastic tool for restaurants - to help them price and plan inventory based on average bid rate and price.
Posted by: Harish at Dec 1, 2006 3:05:52 PM
Is this an attempt at price discrimination?
I assume the restaurant is free to reject or accept any bid.
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