Auction

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auction

Title text: The problem with this comic is the economists who get it won't see why it's a joke.

Votey

Explanation

This explanation is either missing or incomplete.

Transcript

This transcript was generated by a bot: The text was scraped using AWS's Textract, which may have errors. Complete transcripts describe what happens in each panel — here are some good examples to get you started (1) (2).

[Describe panel here]

Dad, how do I know when I've found the one?

Are you familiar with the concept of a dutch auction?

2

You set a price for an item. Then, you lower the price down and down until you find a bidder above your reserve-price.

If you get no bidders, you overvalued the item. So, you restart the auction at a lower reserve-price. Repeat until a taker comes. Voila, you've found the best that you could get.

Mom said lasting love isn't found it's created together.

Yes, the equilibrium strategy is to destroy your partner's market value.

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Votey Transcript

This transcript was generated by a bot: The text was scraped using AWS's Textract, which may have errors. Complete transcripts describe what happens in each panel — here are some good examples to get you started (1) (2).

[Describe panel here]

If we model stability as happiness, having both partners be afraid to leave is equivalent to love. You

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