Public Economics Selected Papers by William Vickrey [Paperback]

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.Nobel prizewinner the late William Vickrey was one of the truly important figures in contemporary economics. This book offers a thoughtful selection from his books and numerous papers spanning 55 years, organised so as to bring out the scope and yet the unity of the work.Nobel prizewinner the late William Vickrey was one of the truly important figures in contemporary economics. This book offers a thoughtful selection from his books and numerous papers spanning 55 years, organised so as to bring out the scope and yet the unity of the work.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.Introduction: William Vickrey Jacques Dr?ze 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 Dr?ze; 10. Marginal and average cost pricing; 11. Some objections to marginallc0