After obtaining his B. Career[ edit ] Vickrey was the first to use the tools of game theory to explain the dynamics of auctions. The revenue equivalence theorem remains the centrepiece of modern auction theory. The Vickrey auction is named after him. The theory was later partially put into action in London. In public economics , Vickrey extended the Georgist marginal cost pricing approach of Harold Hotelling  and showed how public goods should be provided at marginal cost and capital investment outlays financed with land value tax.
|Published (Last):||3 March 2005|
|PDF File Size:||19.1 Mb|
|ePub File Size:||5.68 Mb|
|Price:||Free* [*Free Regsitration Required]|
As the access to this document is restricted, you may want to search for a different version of it. More about this item Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. See general information about how to correct material in RePEc. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item.
It also allows you to accept potential citations to this item that we are uncertain about. We have no references for this item. You can help adding them by using this form. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.
If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Please note that corrections may take a couple of weeks to filter through the various RePEc services. More services and features.
Counterspeculation, Auctions, And Competitive Sealed Tenders
Nejin This allows to link your profile to this item. Quantitative analysis is proposed by a bi-level optimization model of the micro-grid setting, accounting for the operational countedspeculation of energy storage. Access to full text is restricted to subscribers. RePEc uses bibliographic data supplied by the respective publishers. We have no references for this item. Help us Corrections Found an error or omission?
COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS