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  3. Computation and Complexity in Economic Behavior and Organization
  • Cited by 14
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    • Publisher:
      Cambridge University Press
      Publication date:
      June 2010
      June 2002
      ISBN:
      9780511754241
      9780521800563
      9780521037891
      DOI:
      https://doi.org/10.1017/CBO9780511754241
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.52kg, 248 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.378kg, 248 Pages
      • Subjects:
      Economics, Microeconomics, Computer Science, Computing: General Interest
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    • Selected: Digital
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    Subjects:
    Economics, Microeconomics, Computer Science, Computing: General Interest
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    Book description

    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.

    Reviews

    ‘… the authors present frontier research methods on the important economics of ‘mechanism design …’

    Source: Asia Pacific Journal of Management

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