Dictionary :: People

Glossary of game theory terms.

Vickrey, William

William Vickrey
Widely recognized as the founder of auction theory, Vickrey received the Nobel Prize in 1996. He described the theoretical properties of second price auctions as well as forwarding our understanding of congestion pricing and asymmetric information.

updated: 12 August 2005

minor update: 8 December 2006
HOW TO CITE THIS ENTRY