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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'... the authors present frontier research methods on the important economics of 'mechanism design ...' Asia Pacific Journal of Management
Book Description
People and organizations in economic situations would generally prefer to act effectively in terms of their own goals. But the economic environments in which they must act are often large and complicated, and economic actors have limited abilities to observe and communicate information, and to figure out what to do in light of their goals. This book provides an analytical framework in which these limitations and their effects on behavior and organization can be studied. This treatment is addressed to economists, especially theorists, and graduate students. It may also interest computer scientists and specialists in operations research, or management science, who are interested in organization.
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Inside This Book
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First Sentence:
This book presents a model of computing, called the modular network model, and a measure of complexity, intended to apply to computations performed by a mixed system of people and machines. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
complete ordered tree, external crosslinks, cursive writing sample, modular network model, network whose graph, empty arc, whose initial vertex, branch vertex, nonsingular function, nonzero partial derivatives, revelation mechanism, finite superposition, nondirected graph, input vertex, rectangular decomposition, message correspondence, final vertex, assigned graph, optimal mixed strategy, terminal vertex, input vertices, message space, simple equivalence, efficient assignments, encoded version Key Phrases - Capitalized Phrases (CAPs): (learn more)
Van Zandt, First Welfare Theorem, Newton Machine New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
This book presents a model of computing, called the modular network model, and a measure of complexity, intended to apply to computations performed by a mixed system of people and machines. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
complete ordered tree, external crosslinks, cursive writing sample, modular network model, network whose graph, empty arc, whose initial vertex, branch vertex, nonsingular function, nonzero partial derivatives, revelation mechanism, finite superposition, nondirected graph, input vertex, rectangular decomposition, message correspondence, final vertex, assigned graph, optimal mixed strategy, terminal vertex, input vertices, message space, simple equivalence, efficient assignments, encoded version Key Phrases - Capitalized Phrases (CAPs): (learn more)
Van Zandt, First Welfare Theorem, Newton Machine New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 15
books:
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1
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cites this book:
- Studies in Mathematical Economics [MAA Studies in Mathematics - Volume 25] by Stanley Reiter in Back Matter (1), and Back Matter (2)
- Abstract Algebra, 3rd Edition by David S. Dummit in Back Matter
- Decision Making by Mastery Education Corp in Back Matter
- Complexity and Real Computation by Lenore Blum in Back Matter
- Modeling Bounded Rationality by Ariel Rubinstein in Back Matter
See all 15 books this book cites
- Designing Economic Mechanisms by Leonid Hurwicz in Front Matter, and Back Matter
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