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William Vickrey - Firms would be given initial...

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. (William Vickrey)

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.

William Vickrey

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basis given gross initial market past performance markup

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