Optimal Auctions and Hamilton

We interrupt our ongoing review of Anarchy, State, and Utopia to ask a simple question: why isn’t there a movie version of the popular Broadway musical “Hamilton” yet? According to this report in The Wall Street Journal (hat tip: kottke), we might just get what we have been wishing for! (As much as my dear wife Sydjia and I would love to see this musical in person, we are not going to pay thousands of dollars for this privilege.) A massive bidding war is apparently going on to bring “Hamilton” to the silver screen, and bids for the legal rights to the musical might exceed $50 million! For more details about auction theory in general, check out this undergraduate course on optimal auctions (via Cheap Talk).

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