Goethe's Second-Price Auction

Benny Moldovanu, Manfred Tietzel

Research output: Contribution to journalArticlepeer-review

30 Scopus citations

Abstract

In 1797 Johann Wolfgang von Goethe sold a manuscript through a second-price auction. We investigate Goethe's motivation in the context of the late eighteenth century's book market and relate it to modern auction theory.

Original languageEnglish
Pages (from-to)854-859
Number of pages6
JournalJournal of Political Economy
Volume106
Issue number4
DOIs
StatePublished - Aug 1998
Externally publishedYes

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