Public Economics: Selected Papers by William Vickrey

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Dezember 1994



This book provides convenient access to a selection of Nobel prizewinner William Vickrey's papers, which have helped shape the modern field of public economics.


Introduction: William Vickrey Jacques Dreze and Richard Arnott; Part I. Social Choice and Allocation Mechanisms: Introduction Kenneth Arrow; 1. Measuring marginal utility by reactions to risk; 2. Utility, strategy and social decision rules; 3. Counterspeculation, auctions and competitive sealed tenders; 4. Auctions and bidding games; Part II. Taxation: Introduction Anthony Atkinson; 5. Averaging of income for income tax purposes; 6. Cumulative averaging after thirty years; 7. An integrated successions tax; 8. Expenditure, capital gains and the basis of progressive taxation; 9. The problems of progression; Part III. Marginal Cost Pricing: Introduction Jacques Dreze; 10. Marginal and average cost pricing; 11. Some objections to marginal cost pricing; 12. Responsive pricing of public utility services; 13. Airline overbooking: some further solutions; Part IV. Pricing Urban Transportation: Introduction Richard Arnott; 14. A proposal for revising New York's subway fare structure; 15. Pricing in urban and suburban transport; 16. Congestion theory and transport investment; Part V. Urban Economics: Introduction Richard Arnott; 17. The city as a firm; 18. General and specific financing of urban services; 19. The impact on land values of taxing building; Part VI. Macroeconomic Policy: Introduction Jacques Dreze; 20. The optimum trend of prices; 21. Design as a market anti-inflation program; 22. Necessary and optimum government debt; 23. Today's tasks for economists; Part VII. Miscellany: Introduction Richard Arnott; 24. Resources distribution patterns and the classification of families; 25. On the prevention of gerrymandering; 26. One economist's view of philanthropy; Bibliography of William Vickrey.


'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
EAN: 9780521597630
ISBN: 0521597633
Untertitel: Sprache: Englisch.
Erscheinungsdatum: Dezember 1994
Seitenanzahl: 572 Seiten
Format: kartoniert
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