William Oakland

A prominent paper written by Oakland was Public Goods, Perfect Competition, and Underproduction. In this paper, Oakland argues that "atomistic" competition will cause an allocation of public goods which is suboptimal and is inefficiently allocated. He presented the idea that prices for individual units of a public good will vary but the prices for the public good will not vary across consumers. The paper was published in 1974. ==Analysis of post-Katrina New Orleans==

Oakland had studied the economics of the city of New Orleans for many years and following the damage caused by Hurricane Katrina, Oakland contributed by performing an analysis to explain the low amount of population return to the area. Oakland's analysis stated that historically high levels of unemployment and limited job mobility in New Orleans were the root cause of this issue. According to Oakland's study, there was a very high unemployment rate in the New Orleans area before Hurricane Katrina affected it and this was largely because of the limited job mobility caused by high concentrations of the city's poorest people living in a few areas. Oakland was quoted in the New York Times regarding his analysis, “Where there are high concentrations of poverty, people can’t see a way out. Maybe the diaspora is a blessing.” Oakland's analysis showed that the living conditions in New Orleans were not attractive for the poor to begin with and Hurricane Katrina provided an exit from those conditions, resulting in the lack of interest to return to the area. ==Honors received==

• Brookings Institution Fellow (1963–1964) • Woodrow Wilson Fellow (1961–1963) • Who's Who in America (1986) ==References==