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Computation and Complexity in Economic Behavior and Organization

$29.00 USD

  • Date Published: December 2004
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9780511056918

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About the Authors
  • 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.

    • A sophisticated computational presentation of the cost of rational behaviour of individuals and firms
    • Students only need one year of multivariable calculus to use the book
    • Authors are an internationally celebrated mathematician and mathematical economist, respectively
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    Reviews & endorsements

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

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    Product details

    • Date Published: December 2004
    • format: Adobe eBook Reader
    • isbn: 9780511056918
    • contains: 51 b/w illus. 7 tables
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Acknowledgements
    1. Introduction
    2. F networks
    3. Networks of real-valued functions
    4. Applications to economics
    5. Applications to games
    6. Lower bounds and approximations
    7. Organizations
    Appendices
    Bibliography
    Index.

  • Authors

    Kenneth R. Mount, Northwestern University, Illinois

    Stanley Reiter, Northwestern University, Illinois

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