search query: @author Tietzel, M. / total: 1
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| Author: | Moldovanu, B. Tietzel, M. |
| Title: | Goethe's second-price auction |
| Journal: | Journal of Political Economy
1998 : AUG, VOL. 106:4, p. 854-859 |
| Index terms: | POLITICAL ECONOMY AUCTIONS PRICES |
| Language: | eng |
| Abstract: | In 1797 Johann Wolfgang von Goethe sold a manuscript through a second-price auction. The authors investigate Goethe's motivation in the context of the late eighteenth century's book market and relate it to modern auction theory. Johann Wolfgang von Goethe employed a number of sophisticated strategies in his dealings with publishers. None of them is as intriguing as the one appearing in Goethe's letter, dated January 16, 1797, to the publisher Vieweg. |
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