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.
- ISBN10 6610160430
- ISBN13 9786610160433
- Publish Date 24 June 2002 (first published 1 January 2002)
- Publish Status Active
- Out of Print 29 December 2011
- Publish Country US
- Imprint Cambridge University Press
- Format eBook
- Pages 249
- Language English