White Chicks Economics
Media Type: Lecture Clips Topic: Pricing, Elasticity
- Dig This?
-
Like it? Share it!
Tweet
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? (2 votes)
- Tags
- Related Content
-
-
- Ain't No Rest for the Wicked
- no free lunch, pricing, price elasticity
-
- The 40-Year-Old Virgin
- economics of the internet, supply, demand, pricing
-
- Coyote Ugly
- Auctioning mechanisms, opportunity costs, auctions, first...
-
Ask Dirk Now!
Students, got an econ question?
- Who's Dirk?
- More on the man, himself. Meet Dirk
- Econ Media Library
- Check out multimedia tools, videos and more in our Media Library
What People are saying...