That is an excellent point. The reality of auctions is not that people operate on a fully rational basis, counting the number of their masts and then bidding exactly less than that. We have all participated in auctions. They are elaborate psychological procedures that are exactly designed to extract as much money as possible.
Rural Broadband and Mobile Coverage
Proceeding contribution from
Rory Stewart
(Conservative)
in the House of Commons on Thursday, 19 May 2011.
It occurred during Backbench debate on Rural Broadband and Mobile Coverage.
Type
Proceeding contribution
Reference
528 c558
Session
2010-12
Chamber / Committee
House of Commons chamber
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2023-12-15 16:22:34 +0000
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