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Kelvin John Lancaster (10 December 1924 – 23 July 1999) was an Australian mathematical economist and John Bates Clark professor of economics at Columbia University. He is best known for the development of the Theory of the Second Best with Richard Lipsey. Lancaster was also active in developing the calculus of qualitative economics, formulating the household production function, and applying the hedonic model to the estimation of housing prices. Lancaster attended Sydney Boys High School, graduating in 1940.

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  • كلفن لانكستر (بالإنجليزية: Kelvin Lancaster)‏ هو اقتصادي أمريكي، ولد في 10 ديسمبر 1924 في سيدني في أستراليا، وتوفي في 23 يوليو 1999 في نيويورك في الولايات المتحدة. (ar)
  • Kelvin John Lancaster (* 10. Dezember 1924 in Sydney; † 23. Juli 1999 in New York City) war ein US-amerikanischer Ökonom. (de)
  • Kelvin John Lancaster (10 December 1924 – 23 July 1999) was an Australian mathematical economist and John Bates Clark professor of economics at Columbia University. He is best known for the development of the Theory of the Second Best with Richard Lipsey. Lancaster was also active in developing the calculus of qualitative economics, formulating the household production function, and applying the hedonic model to the estimation of housing prices. In a 1966 paper, Lancaster developed what he called a "new theory of consumer demand", in which the then standard microeconomic demand theory was modified by stipulating that what consumers are seeking to acquire is not goods themselves (e.g. cars or train journeys) but the characteristics they contain (e.g. transport from A to B, display of fashion sense). As Palda (2013) explains The second evolution in spatial economics was due to Kelvin Lancaster. His insight was that the basic qualities that consumers seek could be manipulated by combining different products. Hotelling had not considered this possibility. He had been content to accept that one good provided one underlying feature that could be measured in characteristics space. Lancaster saw the matter in greater breadth. Dinner was not just food on a table. It was an attempt to manipulate the basic constituents of flavor and nutrition into a satisfying gastronomic experience. Being a good cook meant knowing that taste had several dimensions including sweet, salty, sour, and savory. For a meal to be agreeable, it had to combine these elements of flavor and it also had to be easily digested, suggesting that nutritional dimensions such as greasiness, protein content, and temperature had to figure into the cook’s understanding. These basic culinary entities could each be thought of as lying on a left-right scale, or space. The ideal meal, then, sought to combine these features by varying each one as precisely as possible. This theory provides a convenient account of the difference between less developed (so called "primitive") consumption economies, in which there are fewer goods than characteristics, and more developed ("sophisticated") consumption economies, in which there are more goods than characteristics, so that consumers can secure any combination of characteristics they desire, subject only to budget constraints. It also provides a way of predicting demand for new commodities, so long as they do not embody any new characteristics. According to economist Jagdish Bhagwati, "He was widely regarded as a potential recipient of the Nobel Prize, for the notable impact that had been made by his contributions to the theory of second best and the integration of variety into economic theory. He joins the list of extraordinary economists such as Joan Robinson, Roy Harrod, and Mancur Olson whom death deprived of this singular honor." Lancaster attended Sydney Boys High School, graduating in 1940. (en)
  • Kelvin John Lancaster était un économiste américain. Il enseignait les sciences économiques à l'Université Columbia (né le 10 décembre 1924 et mort du cancer le 23 juillet 1999 à New York). En microéconomie, il est l'auteur, vers les années 1960, de la nouvelle théorie du consommateur. Lancaster était actif dans la formulation de la fonction de production du ménage. Il était également reconnu pour l'application du modèle hédonistique à l'évaluation du prix des maisons. (fr)
  • Келвин Джон Ланкастер (англ. Kelvin John Lancaster; 10 декабря 1924, Сидней — 23 июля 1999, Нью-Йорк) — американский экономист австралийского происхождения. Ветеран Второй мировой войны. (ru)
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  • Kelvin John Lancaster (en)
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  • كلفن لانكستر (بالإنجليزية: Kelvin Lancaster)‏ هو اقتصادي أمريكي، ولد في 10 ديسمبر 1924 في سيدني في أستراليا، وتوفي في 23 يوليو 1999 في نيويورك في الولايات المتحدة. (ar)
  • Kelvin John Lancaster (* 10. Dezember 1924 in Sydney; † 23. Juli 1999 in New York City) war ein US-amerikanischer Ökonom. (de)
  • Kelvin John Lancaster était un économiste américain. Il enseignait les sciences économiques à l'Université Columbia (né le 10 décembre 1924 et mort du cancer le 23 juillet 1999 à New York). En microéconomie, il est l'auteur, vers les années 1960, de la nouvelle théorie du consommateur. Lancaster était actif dans la formulation de la fonction de production du ménage. Il était également reconnu pour l'application du modèle hédonistique à l'évaluation du prix des maisons. (fr)
  • Келвин Джон Ланкастер (англ. Kelvin John Lancaster; 10 декабря 1924, Сидней — 23 июля 1999, Нью-Йорк) — американский экономист австралийского происхождения. Ветеран Второй мировой войны. (ru)
  • Kelvin John Lancaster (10 December 1924 – 23 July 1999) was an Australian mathematical economist and John Bates Clark professor of economics at Columbia University. He is best known for the development of the Theory of the Second Best with Richard Lipsey. Lancaster was also active in developing the calculus of qualitative economics, formulating the household production function, and applying the hedonic model to the estimation of housing prices. Lancaster attended Sydney Boys High School, graduating in 1940. (en)
rdfs:label
  • كلفن لانكستر (ar)
  • Kelvin Lancaster (de)
  • Kelvin Lancaster (fr)
  • Kelvin Lancaster (en)
  • Ланкастер, Келвин (ru)
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  • Kelvin Lancaster (en)
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