William Vickrey
Economist, Nobel Prize laureate
Economist, Nobel Prize laureate
1996
30 years ago — 82 years old
Thinkers & Philosophers
Canada
An economist and academic contributed to the theory of incentive systems and auction design. Vickrey's work on the theory of second-price auctions established foundational concepts in auction theory. He received the Nobel Memorial Prize in Economic Sciences in 1996 for his analysis of incentives under asymmetric information and for his contributions to auction theory. Vickrey served as a professor at Columbia University and was actively involved in various economic research initiatives throughout his career.
Received Nobel Prize in Economic Sciences in 1996
Developed theory of second-price auctions
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