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To: elmatador who wrote (7991)8/30/2001 9:19:20 AM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
I thought game theory for the British 3G auction worked beautifully: it resulted in a great price for the spectrum, from the British government's point of view. The theorists were working for the British government, if I am not mistaken.



To: elmatador who wrote (7991)8/30/2001 10:36:21 AM
From: Ilaine  Read Replies (2) | Respond to of 74559
 
Economists are people who can justify political policies in technical language.



To: elmatador who wrote (7991)8/30/2001 1:10:21 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
What was wrong with the 3G auction... bad example IMO, but I agree with the rest of your post.... although I'd never pigeon hole 'all' economists. There are tons doing other.

DAK


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