"We're more familiar with what economists call an……" — Nathan Myhrvold

We're more familiar with what economists call an English auction - prices… - Nathan Myhrvold
"We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months."

Nathan Myhrvold

115 Quotes by Nathan Myhrvold

Nathan Myhrvold has 115 quotes on this site. A few more worth reading:

See all 115 quotes by Nathan Myhrvold »

More Auction Quotes

This quote is filed under Auction Quotes, one of 51 quotes in that category. Here are a few more:

See all 51 Auction Quotes »