Quote:
Originally Posted by Peter_Spaeth
Define a "genuine" market price. In Mastro the government defined it as the price that would have prevailed in the absence of bids made for a purpose other than winning. Not the price one guy was willing to pay. At least that's my understanding.
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Peter, for my definition, a "genuine" market price was obtain in the absence of any shill bids. So as in the government's definition, even if the high bidder's max bid was legitimate, that is not a genuine market price if he were shilled up.