Kelvin Lancaster

Infobox_Scientist
name = Kelvin Lancaster


image_size = 60px
caption = Kelvin John Lancaster
birth_date = birth date|1924|12|10
birth_place = Sydney, Australia
death_date = July 23 1999, age Age at date|1924|12|10|1999|07|23
death_place = New York, New York

residence =
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field = Economics
work_institution = Columbia University
occupation = Professor
alma_mater = University of London (PhD 1958)
University of London External Programme (BSc 1953)
University of Sydney (BA 1948)
doctoral_advisor =
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known_for = Theory of the second best
Lancasterian demand theory
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Kelvin John Lancaster (December 10, 1924 - July 23, 1999) was a 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 defining the Household production function, and in the application of the hedonic model to the estimation of the price of houses.

External links

* [http://query.nytimes.com/gst/fullpage.html?res=9C01E0D81F3EF93BA15754C0A96F958260 Obituary] in the New York Times.
* [http://www.slate.com/?id=33334 Talking About a Revolution] by Paul Krugman.