A Friday night undermybed.dk

Can it be rational to pay two euros to buy one euro in an all-pay auction?
Political lobbying explained through the example of all-pay auctions. Watch the video. It is weird. Seems so irrational, but it is not.

This entry was posted on Tuesday, November 3rd, 2009 at 1:07 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.