Document Type

Article

Citation Information

Please cite to the original publication

Abstract

From as early as the fifth century B.C. when Herodotus described the auctioning of women for service as wives in Babylonia, scholars have evinced a keen interest in the conduct of auctions. Although auctions are no longer a vehicle for exploiting women, the auction process remains of particular interest to economists. Economists are interested in the efficient allocation of resources, and auctions are widely, if erroneously, viewed as the optimal means of allocating resources.

Date of Authorship for this Version

1990

Included in

Law Commons

Share

COinS