White Chicks Economics
Media Type: Lecture Clips Topic: Pricing, Elasticity
- Dig This?
Like it? Share it!
This lecture clip illustrates how auctions are constructed to create price elasticity. Using a clip from "White Chicks" as context and as a demonstration of an English auction, Dirk conducts a Dutch auction with his class to discuss how pricing and bidding strategies change when the price ceiling is established at the start of the bidding process.
- Your Thoughts
- Was this helpful to you? (5 votes)
- Related Content