Nice idea. But if you set C at like 10% of the correct price, then you’re going to sell 90% of the visas on the first day for way too cheap, so you can lose almost all of the market surplus.
My thought was that you’d set C at your best guess clearing price or maybe a bit higher. You could instead go with 10x the clearing price and plan to not sell many before the last month but maybe get a bit more revenue overall.
Nice idea. But if you set C at like 10% of the correct price, then you’re going to sell 90% of the visas on the first day for way too cheap, so you can lose almost all of the market surplus.
My thought was that you’d set C at your best guess clearing price or maybe a bit higher. You could instead go with 10x the clearing price and plan to not sell many before the last month but maybe get a bit more revenue overall.