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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Computation and Complexity in Economic Behavior and Organization

Computation and Complexity in Economic Behavior and Organization

Mount, Kenneth R.
Reiter, Stanley

Hardcover

EconomicsGeneral Education

ISBN10: 0521800560
ISBN13: 9780521800563
Publisher: Cambridge
Published: Jun 24 2002
Pages: 248
Weight: 1.15
Height: 0.90 Width: 6.00 Depth: 9.10
Language: English
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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