In auctions, bidders compete with one another in their attempt to 1 purchase the goods that are up for sale • But buyer competition may be reduced or disappea

Liza Urla is the author of the jewelry blog, Gemologue https://gemologue.com/tag/jewelry-blog

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest m

Smith tells how the straight capitalist economic law of supply and demand rarely governs the auction process, and how the beliefs and actions of the auction par