William Vickrey

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William Spencer Vickrey (born June 21, 1914 in Victoria , British Columbia , † October 11, 1996 in Harrison , New York ) was an economist and university professor in the United States . In 1996, together with James Mirrlees, he received the Alfred Nobel Memorial Prize for Economics for his contributions to the economic theory of incentives with different levels of information for market participants .

Life

William Vickrey was born in Victoria, Canada on Vancouver Island and graduated from Phillips Academy in Andover , Massachusetts . He then studied mathematics at Yale University and earned a Bachelor of Science degree in 1935 . Vickrey then began a master's degree at Columbia University in New York, which he graduated in 1937. At the same university he received his doctorate in 1947 .

Vickrey was a lecturer at Columbia University in New York in 1946 , after having previously worked as a tax advisor , then he received a professorship in economics . In 1974 he was elected to the American Academy of Arts and Sciences , and in 1996 to the National Academy of Sciences .

In 1992, Vickrey served as the President- Elect of the American Economic Association .

research

Vickreys results had a direct effect on the tariff policy of insurance and tax policy . He gave his name to the Vickrey auction , which bids in secret, but the highest bidder only pays the price of the second highest bid.

He could no longer accept the Alfred Nobel Memorial Prize for Economics , also known as the Nobel Prize in Economics , because he died between the announcement and the official award date on December 10, 1996.

Fonts

  • Counterspeculations, auctions, and competitive sealed tenders (1961)

Individual evidence

  1. ↑ William S. Vickrey (1914-1996). In: The Concise Encyclopedia of Economics . Retrieved August 1, 2014 .
  2. ^ Past and Present Officers. aeaweb.org ( American Economic Association ), accessed May 15, 2019 .

Web links

personal data
SURNAME Vickrey, William
ALTERNATIVE NAMES Vickrey, William Spencer
BRIEF DESCRIPTION American economist
DATE OF BIRTH June 21, 1914
PLACE OF BIRTH Victoria , British Columbia
DATE OF DEATH October 11, 1996
Place of death Harrison (New York)