You might have to explain your position a bit more.
Lower rent is what I’m hearing, which you can already relocate to if you have the luxury of remote work
If I gather what you’re trying to say (I’m not sure I do) I touch on that in the longtermist significance section. If you’re happy to move away and live outside of a dense city, you might not need proq very much, as rent/mortgages far away from the city center can potentially maybe in some circumstances compete down to a tiny proportion of mean income. If you care about mean QoL in city centers, though, there may be no alternative to proq, as rent cannot ever compete down to a tiny proportion of mean income in city centers due to the abundance of demand.
Do you care about mean QoL in the city centers?
How does paying lost bids disincentivize overbidding?
I like that one the least. The other two are more promising aren’t they? But the rationale is that it would incent people to hesitate and consider and negotiate with the other buyers a lot more before bidding, and that bids would generally decrease to account for unpredictable expected losses (causing them to decrease further in response to decreased expected competition?). Whether you should bid would depend a lot more on whether and how much others are going to bid, everyone would be induced to develop a clearer sense of that crucial information, and then in the end the item still gets allocated to someone.
I fail to see what this system fixes for people who don’t already have enough money to make their preferences actionable
Lower rent is what I’m hearing, which you can already relocate to if you have the luxury of remote work
How does paying lost bids disincentivize overbidding? You are literally wasting money to concede. I have to be reading that incorrectly
You might have to explain your position a bit more.
If I gather what you’re trying to say (I’m not sure I do) I touch on that in the longtermist significance section. If you’re happy to move away and live outside of a dense city, you might not need proq very much, as rent/mortgages far away from the city center can potentially maybe in some circumstances compete down to a tiny proportion of mean income. If you care about mean QoL in city centers, though, there may be no alternative to proq, as rent cannot ever compete down to a tiny proportion of mean income in city centers due to the abundance of demand.
Do you care about mean QoL in the city centers?
I like that one the least. The other two are more promising aren’t they?
But the rationale is that it would incent people to hesitate and consider and negotiate with the other buyers a lot more before bidding, and that bids would generally decrease to account for unpredictable expected losses (causing them to decrease further in response to decreased expected competition?). Whether you should bid would depend a lot more on whether and how much others are going to bid, everyone would be induced to develop a clearer sense of that crucial information, and then in the end the item still gets allocated to someone.