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Public Economics : Selected Papers by William Vickrey - William S. Vickrey

Public Economics

Selected Papers by William Vickrey

Paperback Published: 5th May 1997
ISBN: 9780521597630
Number Of Pages: 572

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The late Nobel Prize winner William Vickrey was one of the truly important figures in contemporary economics. Over the past fifty-five years he published several books and some 140 papers scattered over many journals. This book offers a thoughtful selection from these papers, organized to bring out the scope as well as the unity of the work. Vickrey had the unique distinction of having contributed, often seminally and always operationally, to all major branches of public economics. This is a fascinating overview of the field and of his life work.

'Bill Vickrey is an economist's economist; not only an original and creative theorist but, wonder of wonders, inventor of brilliant ways of applying those theories. While many difficult selection choices had to be made, the best known of Vickrey's pieces - including, for example, the famous 'Counterspeculation, auctions ...', 'Some objections to marginal cost pricing' articles, and the remarkable ' ... New York's subway fare structure' proposal - are all here together with a fine sampling of other valuable contributions. The volume also contains helpful introductions, by an all-star cast of economists, to all the major categories of Vickrey's professional work.' Jack Hirshleifer, University of California, Los Angeles

Introduction
Social Choice and Allocation Mechanisms: Introduction
Measuring marginal utility by reactions to risk
Utility, strategy and social decision rules
Counterspeculation, auctions and competitive sealed tenders
Auctions and bidding games
Taxation: Introduction
Averaging of income for income tax purposes
Cumulative averaging after thirty years
An integrated successions tax
Expenditure, capital gains and the basis of progressive taxation
The problems of progression
Marginal Cost Pricing: Introduction
Marginal and average cost pricing
Some objections to marginal cost pricing
Responsive pricing of public utility services
Airline overbooking: some further solutions
Pricing Urban Transportation: Introduction
A proposal for revising New York's subway fare structure
Pricing in urban and suburban transport
Congestion theory and transport investment
Urban Economics: Introduction
The city as a firm
General and specific financing of urban services
The impact on land values of taxing building
Macroeconomic Policy: Introduction
The optimum trend of prices
Design as a market anti-inflation program
Necessary and optimum government debt
Today's tasks for economists
Miscellany: Introduction
Resources distribution patterns and the classification of families
On the prevention of gerrymandering
One economist's view of philanthropy
Bibliography
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521597630
ISBN-10: 0521597633
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 572
Published: 5th May 1997
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 24.7 x 17.4  x 2.6
Weight (kg): 1.18

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