Computation and Complexity in Economic Behavior and Organization
Book Details
Format
Hardback or Cased Book
ISBN-10
0521800560
ISBN-13
9780521800563
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 24th, 2002
Print length
248 Pages
Weight
514 grams
Dimensions
16.10 x 23.70 x 2.20 cms
Product Classification:
Economics
Ksh 7,050.00
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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 without requiring analysis of approximations.
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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