Computation and Complexity in Economic Behavior and Organization ebook Mount, Kenneth R., Reiter, Stanley Diesel eBooks

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Home > Business & Economics > Economics > Computation and Complexity in Economic Behavior and Organization-eBook

Computation and Complexity in Economic Behavior and Organization

Mount, Kenneth R., Reiter, Stanley

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This book presents a model of computing and a measure of computational complexity which are intended to facilitate analysis of computations performed by people, machines, or a mixed system of people and machines. The model is designed to apply directly to models of economic theory, which typically involve continuous variables and smooth functions, without requiring analysis of approximations. The model permits analysis of the feasibility and complexity of the calculations required of economic agents in order for them to arrive at their decisions. The treatment contains applications of the model to game theory and economics, including comparison of the complexities of different solution concepts in certain bargaining games, and the trade-off between communication and computation in an example of an Edgeworth Box economy.

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Title of ebook: Computation and Complexity in Economic Behavior and Organization
ISBN: 9780511056918
Publisher: Cambridge University Press
Internet download file size: 1609 kb
Pages: 248
Released online for download: 06-26-1998
Author of eBook: Mount, Kenneth R.
Author of eBook: Reiter, Stanley