Abstract
William Spencer Vickrey was awarded the 1996 Nobel Prize in Economics ‘for his fundamental contributions to the economic theory of incentives under asymmetric information’. While best known as the father of auction theory, he made important contributions on a broad range of topics including social choice, marginal cost pricing, the design of tax systems, transportation economics, urban economics, and macroeconomics.
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Arnott, R. (2018). Vickrey, William Spencer (1914–1996). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1306
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1306
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