William Spencer Vickrey (21 June 1914 – 11 October 1996) was a Canadian-American professor of economics.
In 1996, he won the Nobel Memorial Prize in Economic Sciences with James Mirrlees, They won the award for their research into the economic theory of incentives under asymmetric information. Vickrey is the only person born in British Columbia to win a Nobel prize.[source?].
William Vickrey | |
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Born | Victoria, British Columbia, Canada | 21 June 1914
Died | 11 October 1996 | (aged 82)
Nationality | Canada |
Institution | Columbia University |
Field | Public economics |
School or tradition | Post Keynesian economics |
Alma mater | Columbia University Yale University |
Doctoral advisor | Carl Shoup Robert M. Haig |
Doctoral students | David Colander Jacques Drèze |
Influences | Henry George Harold Hotelling John Maynard Keynes |
Contributions | Vickrey auction Revenue equivalence theorem Congestion pricing |
Awards |
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Information at IDEAS / RePEc |
The announcement of his Nobel Prize was made just three days before he died. Vickrey died during his journey to a conference of Georgist academics that he helped found. He had never missed one of these conferences in 20 years. His Nobel award was accepted by C. Lowell Harriss. Harriss worked with Vickrey at the Columbia University economics department. A Nobel Prize has only been awarded after the deaath of a person three other times.
Vickrey was born in Victoria, British Columbia. He attended high school at Phillips Academy in Andover, Massachusetts. Vickrey got his BS in Mathematics at Yale University in 1935. He got his MA in 1937. He also did Ph.D. in 1948 at Columbia University. He remained at Columbia for most of his career.
Vickrey married Cecile Thompson in 1951. He was a Quaker. He is also a member of Scarsdale Friends Meeting. He died in Harrison, New York in 1996 from heart failure.
Awards | ||
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Preceded by Robert E. Lucas Jr. | Laureate of the Nobel Memorial Prize in Economics 1996 Served alongside: James A. Mirrlees | Succeeded by Robert C. Merton Myron S. Scholes |
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