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© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Tim Harford is economics leader writer for the Financial Times and writes the “Undercover Economist” columns on Saturdays. He first joined the FT as Peter Martin Fellow in 2003 and after a spell at the World Bank in Washington DC he rejoined the FT’s leader writing team in 2006.
Tim’s book, The Undercover Economist, is a Business Week bestseller and a Sunday Times bestseller, and was number one on Amazon.co.uk. It has been translated into sixteen languages. He is now working on a sequel.
Tim is also the presenter of the BBC2 series, Trust Me, I’m an Economist.
E-mail Tim Harford
Mile-high bid to step up to a better class
Auctions seem a fine way of assessing willingness to pay, writes Tim Harford