Airlines usually offer 200-300 dollars for someone to take a different flight. I...

yrral on Jan 6, 2011 | parent | context | favorite | on: Airlines using reverse auctions to determine true ...

Airlines usually offer 200-300 dollars for someone to take a different flight. In this case, instead of losing 200-300 dollars because of the overbook, they lose only 120 (since that is the minimum someone has bid for the seat)