Bounded Rationalities and Computable Economies

This paper studies economic equilibrium theory with a 'uniformity principle' constraining the magnitudes (prices, quantities, etc.) and the operations (to perceive, evaluate, choose, communicate, etc.) that agents can use.We look at the special case of computability constraints, where all price s, quantities, preference relations, utility functions, demand functions, etc. are required to be computable by finite algorithms.

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Year of publication:	1996
Authors:	Richter, M.K. ; Wong, K-C.
Institutions:	Department of Economics, University of Minnesota
Subject:	GENERAL EQUILIBRIUM \| CONSUMERS

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Series:	Minnesota - Center for Economic Research.
Type of publication:	Book / Working Paper
Notes:	80 pages
Classification:	D00 - Microeconomics. General ; D11 - Consumer Economics: Theory ; D51 - Exchange and Production Economies ; C63 - Computational Techniques
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005474413