Not Everything Sells Better on the Internet
Clearly, if you want to sell your vote in the next presidential election, you want to do it the old fashioned way through the local saloon, not on the internet. The legal troubles of this Minnesota teen attest to that.
This guy’s hijinks did, however, give us a glimpse into the market price of a vote.
The minimum bid was set at $10. Nobody bid on his item. The failure to attract bidders is consistent with the arguments that Dubner and I have made about the puzzle of why people vote. Any individual’s vote is almost certain not to determine a presidential election (especially if that vote is cast in a state like Minnesota). Thus, the market price for that vote should be essentially zero. Certainly well below ten dollars.
Of course, the fact that bidding on the item would have gotten you charged with a felony might also have discouraged bidding.