We finished our recent series on auctions by underscoring that, as important as they are as a mechanism for price discovery and allocating scarce resources, they’re just one of a range of tools that can be utilized to manage, sustain and grow an asset marketplace. Auctions are optimized for the…

We have discussed the advantages of auctions and how, when properly designed, auctions can help achieve diverse objectives. But it’s important to remember that auctions are just one out of an array of different mechanisms for vending and distributing goods. And just as there’s no one-size-fits-all format for all auction…

In our prior article, we looked at the challenges related to auction design in the context of real-world problems. In this post, we take a deeper dive into the price discovery function of auctions, and explore why classic auction formats don’t always guarantee the most desirable outcomes. What is price discovery? We usually don’t…

In prior posts, we’ve talked about the fundamentals of auctions and how they can be gamed or distorted by external factors. In this post, we’ll take a deeper look at how auctions are designed, and some of the ways that design choices directly shape outcomes. Those past posts have focused…

In the first article in this series, we gave an overview of the history and most common forms of auctions. In the second and third articles, we took a look at factors that distort auctions from their most optimal outcomes, due to the unconscious or conscious efforts of buyers and…

In our first article in this series, we provided an overview of auctions history and explored some of the most common types of auctions. In the subsequent article, we showed how variance in bidder mindsets and behavior can lead to auctions producing less than optimal results. …

In our first article in this series, we gave an overview of auctions, their history and the critical role they play in our economic and social infrastructure. We also highlighted the fact that not all auctions are conducted the same way, and explored some of the most common types of…

At Forte, we’re dedicated to creating new economic and creative opportunities for billions of players around the world. To accomplish that, we’re building a community-owned gaming platform using breakthrough technologies and a new business model that presents an opportunity to change the gaming industry forever. And as part of that…

We’ve explored how traditional, centralized marketplaces work in the real world — and how and when they don’t work. …