FACTOID # 158: 84% of people in Finland feel that they are at a low risk of experiencing a burglary - but just look at how many burglaries they have!
 
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Encyclopedia > Dollar auction

On eBay, where an auction has a starting price of $1


  Results from FactBites:
 
Atanu Dey on India’s Development » Dollar Auctions and Deadly Games (1719 words)
The only way to win at a dollar auction therefore is either to not participate or if one does begin, then to either reach a compromise with one’s opponent or to exit as early in the game as possible.
The dollar auction is a perfect model of the conflict that India faces against Pakistan, with Kashmir being the dollar being auctioned.
If the more powerful player in the dollar auction goes to the other in the initial stages of the game and makes a credible commitment of setting aside an amount greater than the amount the other can ever bid, then the second player would find it rational to not bid at all.
Classroom Expernomics: Spring 1994 (3989 words)
A maximum of seven trades were possible in each round, and in the double-oral auction in three of the five rounds, the maximum was reached.
I tell the students that I will be auctioning dollar bills the next class period and to bring change if they are interested in participating.
When the auction ends, all bidders who entered a bid during the auction must pay an amount equal to their highest bid.
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