Price and auction theory is a big field of study. I think I’d question why the hard limit of 65K visas in a calendar year—why 0 or 20M (aka, what’s the theory of value that makes you issue visas, and is direct revenue part of it, or an afterthought?)
Assuming it’s totally out of my control how the visas come into being, and totally in my control of how to distribute them, and I ONLY care about revenue rather than fuzzier economic or social encouragement of the recipients, I’d probably go with a weekly auction, where the quantity available is based on projected pricing.
Price and auction theory is a big field of study. I think I’d question why the hard limit of 65K visas in a calendar year—why 0 or 20M (aka, what’s the theory of value that makes you issue visas, and is direct revenue part of it, or an afterthought?)
Assuming it’s totally out of my control how the visas come into being, and totally in my control of how to distribute them, and I ONLY care about revenue rather than fuzzier economic or social encouragement of the recipients, I’d probably go with a weekly auction, where the quantity available is based on projected pricing.