Saturday, August 31, 2013

Storage Wars Strategy: Vindictive Bidding?

I'm in my hometown visiting family right now, so I have access to cable TV. Watching Storage Wars on A&E, saw one of the bidders (Jarrod?) say something like the following:
Yeah, I don't want this locker. But I'm going to bid on it to spend their money!
Just sounds plain mean. Why would you want to hurt the business of your peers?

One explanation: maybe if a newcomer enters the auction and loses money, they don't come to the next one, so you get better prices in the future. But, if you believe in the Revenue Equivalence Theorem, number of bidders is not important to the final price paid.

Three possibilities: either Jarrod is ignorant about his own business (unlikely), a vindictive person (couldn't say), or some assumption of RET has not been met (highly probable). In any case, economics continues to make reality television a bit more fun!


  1. The personal items are always important to be stored in the first place. So, if you’ve rented a storage space or thought about it, the time is right now for you to consider insurance options since some renting facilities will not cover your stuff.
    self storage SEO

  2. It is a great post, what you said is really helpful to me. I agree with you anymore. Also great blog here with all of the valuable information you have. Keep up the good work you are doing here. Thank you for sharing such a useful post.

  3. Are you interested in helping others? Can you handle and care for people who learn differently and have other behavioral problems? Do you want to make a difference in a young child's life? If you answered "yes" to any of these questions, then you might consider a career in special education. Below is a breakdown of the short and long-term responsibilities of a special education teacher.