How are Auctions used to bind and control resource flows?
See StonesAndGrocers for part of the answer. Here’s another part: Auctions are used as pipes and filters to bind resource flows. There are several varieties of Auction to plumb these flows: exclusive choice, proportional choice, algorithmic choice (bid for the disbursement algorithm …) and so on. Rather like functional programming, except that the bindings are determined per term by the bidding process. • It’s as easy to bid for the moon as it is to bid for a pebble. If I bid for a part of something, it is logical to use the ratio of part to whole to determine the strength of that bid. This is how exceptions ought to occur. If I bid for the world, that should do me only proportional good if someone makes a bid for a particular part of it. A bid of 2 stones for two of something, then, is half as strong as a bid of 2 stones for just one of the things. But we must be careful to define a resource’s reducibility in an appropriate way when it is Commissioned. An engine, say, is not sensibl
