Lancaster

財を特徴のベクトルへと抽象化した人

Kelvin John Lancaster

mathematical economist

Theory of the Second Best with Richard Lipsey

Lipsey, R. G.; Lancaster, Kelvin (1956). "The General Theory of Second Best". Review of Economic Studies. 24 (1): 11–32. doi:10.2307/2296233. JSTOR 2296233.

Lancaster was also active in developing the calculus of qualitative economics

Lancaster, Kelvin (1962). "The Scope of Qualitative Economics". Review of Economic Studies. 29 (2): 99–123. doi:10.2307/2295817. JSTOR 2295817

Kelvin J. Lancaster, 1968. Mathematical Economics, Macmillan.

formulating the household production function,

and applying the hedonic model to the estimation of housing prices.

In Lancaster1966, Lancaster developed what he called a "new theory of consumer demand"

consumers are seeking to acquire is not goods themselves but the characteristics they contain

Lancaster, Kelvin J. (1966). "A New Approach to Consumer Theory". Journal of Political Economy. 74 (2): 132–157. doi:10.1086/259131. JSTOR 1828835