William Vickrey

William Vickrey was a renowned economist, who was jointly awarded the Nobel Prize for economics in 1996 with James Mirrlees for their groundbreaking works on the economic theory of incentives under asymmetric information. [br]

Personal, career and Academic profiles

William Vickrey was a renowned economist, who was jointly awarded the Nobel Prize for economics in 1996 with James Mirrlees for their groundbreaking works on the economic theory of incentives under asymmetric information. [br]

Personal, career and Academic profiles

• William Vickrey was born on June 21, 1914 at Victoria, British Columbia, Canada. He died on October 11, 1996 at Harrison, New York, U.S.
• 1935: William Vickrey got his B.S. Degree from Yale University.
• 1937: Vickrey completed his M.A. from Columbia University.
• 1946: He was engaged in teaching at Columbia University as a lecturer in economics.
• 1947: He was awarded PhD from Columbia University. He was also engaged in teaching activities in Columbia University. In his doctoral thesis Vickrey recommended an “optimal income tax” that would extend over a relatively long time, rather than on yearly income.
• 1958: William Vickrey became a full professor.
• 1964 to 1967: During this period of time, he was the chairman of the Department of Economics
• 1982: He retired as McVickar Professor Emeritus
• 1992: He became the President of the American Economic Association

Honors and awards

William Vickrey was rewarded the Nobel Prize for his groundbreaking works on the analysis to the problems of incomplete, or asymmetrical, information.

He was a Fellow of the Econometric Society. Vickrey was rewarded by an honorary degree from the University of Chicago in 1979.

Theories propounded

People will remember William Vickrey for his research work into the economic theory of incentives under asymmetric information. [br]

Major Works, articles and publications
Some of the major works, article and publications of Willian Vickrey include:

• 1969: “Congestion Theory and Transport Investment”
• 1971: “Land use in a long narrow city,” Journal of Economic Theory”
• 1971: “Maximum Output or Maximum Welfare? More on the Off-Peak Pricing Problem”
• 1971: “Responsive Pricing of Public Utility Services”
• 1985: “The Fallacy of Using Long-run Cost for Peak-Load Pricing”
• 1990: “Rationalizing Transnational Income Taxation: Checking Tax Imperialism”
• 1992: “Chock-Full Employment without Increased Inflation: A Proposal for Marketable Markup Warrants,”
• 1992: “Efficient pricing of electric power service : Some innovative solutions,”
• 1992: “An Updated Agenda for Progressive Taxation,”
• 1992: “Meaningfully Defining Deficits and Debt,”
• 1993: “Today’s Task for Economists,”
• 1996: “Simplification, Progression and a Level Playing Field,” Papers 9596-05”
• 2001: “Site Value Taxes and the Optimal Pricing of Public Services”

Books by William Vickrey

• Metastatics and macroeconomics
• Public Economics: Selected Papers by William Vickrey
• Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
• Microstatics

Disclosure: These links to books for sale at Amazon.com are affiliate links, meaning that if you buy it from Amazon, we will make a small commission. The price for you is the same.