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Business Today |
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Monday, 09 February, 2026 | | |
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Editor's Note |
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Good morning, reader |
Ireland’s home-bidding system is marked by auctions that induce overbidding, pushing prices higher in the proces, a new study has found.
The Economic and Social Research Institute (ESRI) conducted a controlled auction experiment involving some 800 participants.
It found participants’ bids were pushed higher in open auctions managed by estate agents or online platforms than in sealed bid auctions. Eoin Burke-Kennedy has the story.
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Eoin Burke-Kennedy |
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