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in which people's values are not known,
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not only are the offers not accepted immediately
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and not only is there some inequity in that the poor
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tend to be more impatient and do less well,
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but also you get bad inefficiency.
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The inefficiency occurs essentially because the sellers want to
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seem like they're hard and the buyers want to seem like they're hard,
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and you get a failure for deals to be made.
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So some deals are actually going to be lost
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or take a long time in coming,
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you're going to get some strikes before the deals occur
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and that's all inefficient.