Quote from: Love Topic

Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.


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Author Bio


  • NameWilliam Vickrey
  • DescriptionCanadian noble laureate in economics
  • BornJune 21, 1914
  • DiedOctober 11, 1996
  • CountryUnited States Of America
  • ProfessionEconomist
  • AwardsGuggenheim Fellowship