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.
More Quotes from William Vickrey:
This paper was one of my digressions into abstract economics.William Vickrey
Don't you think you're just rearranging deck chairs on the Titanic?
William Vickrey
The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.
William Vickrey
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
William Vickrey
I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent.
William Vickrey
Readers Who Like This Quotation Also Like:
Based on Topics: Past Quotes, Performance QuotesBased on Keywords: entitlements, markup, transferable
I'm happy with the coach we have. I think any one of the ones I asked them to consider would've been good.
Bear Bryant
I think Wes Montgomery is the greatest jazz guitarist that ever lived.
Kevin Eubanks
When I went to Brooklyn in 1948 Jackie Robinson was at the height of his brilliant career.
Ernie Harwell