American Experience
A Brilliant Madness: American Nobel Economists
William Vickrey
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  1996  
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A conscientious objector in World War II, Vickrey did tax research for the government as his alternate service. One of his innovations, known as the Vickrey auction, has the highest bidder in a sealed auction paying the price offered by the second highest bidder. This mechanism encourages bidders to offer a truthful bid. Vickrey died just two days after learning he had won the Nobel.


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