abstract:A Mock auction is a scam usually operated in a street market, disposal sale or similar environment, where cheap and low quality goods are sold at high prices by a team of confidence tricksters.
Like the real auction, the mockauction will have anonymous bidding, which means companies will know the amount of the highest bid and whether they submitted it, but not who they're bidding against.
Desperate for a way to show the pipelines they were better off together, an Aerie executive used game theory to design a mock online auction of rights-of-way.