Vickrey

Just as in Vickrey's model, the tax schedule determines aftertax income y as a function f of pretax income x.

Additional background material on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1996 1996

4. The four common types of auctions are: (1) ascending bid, or English auctions; (2) descending bid, or Dutch auctions; (3) first price sealed bid auctions; and (4) second price sealed bid, also known as Vickrey auctions.

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4. The four common types of auctions are: (1) ascending bid, or English auctions; (2) descending bid, or Dutch auctions; (3) first price sealed bid auctions; and (4) second price sealed bid, also known as Vickrey auctions.

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4. The four common types of auctions are: (1) ascending bid, or English auctions; (2) descending bid, or Dutch auctions; (3) first price sealed bid auctions; and (4) second price sealed bid, also known as Vickrey auctions.

BARGAINING WITH THE DEVIL ROBERT MNOOKIN 2010

4. The four common types of auctions are: (1) ascending bid, or English auctions; (2) descending bid, or Dutch auctions; (3) first price sealed bid auctions; and (4) second price sealed bid, also known as Vickrey auctions.

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Mirrlees and William Vickrey (award in 1996) made pioneering work about the consequences of various limitations in information of individuals, including "information asymmetries" among economic agents.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

The shared Prizes in the theory of information economics to Vickrey and Mirrlees, the shared prize in economic psychology and experimental economics to Kahneman and Smith, and the shared price in game theory to Aumann and Schelling were of a similar nature.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

This happened in 1996, when William Vickrey died only a few days after.

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A number of authors, in particular, Roger Myerson and Eric Maskin, have generalized and developed the insights of Hurwicz, Mirrlees and Vickrey.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

Hence, Harsanyi gave an important impetus to further development in the field of information economics, after the pioneering work of Stigler, Vickrey and Mirrlees.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010