Computation and Complexity in Economic Behavior and Organization - Softcover

Mount, Kenneth

Softcover

ISBN 10: 0521037891 ISBN 13: 9780521037891

Publisher: Cambridge University Press, 2007

Synopsis

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.

About this title

Review

'... the authors present frontier research methods on the important economics of 'mechanism design ...' Asia Pacific Journal of Management

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 without requiring analysis of approximations.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2007
• Language: English
• ISBN 10: 0521037891
• ISBN 13: 9780521037891
• Binding: Paperback
• Edition number: 1
• Number of pages: 248