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by edschofield 388 days ago
That's a Dutch auction: https://en.wikipedia.org/wiki/Dutch_auction.

I agree that reverse auctions would be a simple solution the current scalper problem. If demand outweighs supply, scalpers drive up the prices toward their economic equilibrium anyway, making ticket prices just as "unfair" to the poor, but with additional problems of trust...

1 comments

That's not actually a Dutch Auction. Sounds more like the "eBay ascending uniform-price mechanism". (From the same Wikipedia article)