We’re heading to a Muskoka auction today, since the weather has made for less than ideal boating, golfing, or anything else cottage-like.
I can’t help but think of the use of auctions as the perfect tool to match the value of a good to the willingness of a buyer to pay. A little discipline is needed to help prevent the excitement driving you to spend $5 too much on a butter churn.
An auction is the system that Barrett is seeking for determining the recipient of an underserved territory subsidy. It is the system that the Telecom Policy Review panel recommended. Barrett has launched a Cabinet appeal of the deferral account decision which awarded the subsidy to the incumbent telephone companies.