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by Dylan16807
144 days ago
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I am not having zero sun fallacy. Please read what I said again. I said the exact price is zero sum within the bounds of the deal happening. The wealth creation is caused by the deal happening at all. > if one quadrillionaire in a city owns all the money That's a valid risk factor but on a random eBay purchase I think it's fair to say we have no idea if the purchaser or the seller gets more utility out of each dollar. |
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>we have no idea if the purchaser or the seller gets more utility out of each dollar.
Assumption: the seller opened the auction with his actual hard lower limit, he should be happy with what he gets as soon as that limit gets hit.
The original poster said that he essentially altered the bid in favour of the seller. However, the exchange of subjective equal values is based on the balance between the two parties and now gets distorted in favour of the seller and in detriment of the buyer. This should result in win/lose if I am not mistaken.
So, maybe I get you wrong, I am not sure right now.