Mathematical Programming and Economic Theory

The paper discusses the analogy between economic institutions and algorithms for the solution of mathematical programming problems. The simplex method for solving linear programs can be interpreted as a search for market prices that equilibrate the demand for factors of production with their supply. An interpretation in terms of the internal organization of the large firm is offered for Lenstra's integer programming algorithm.

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Year of publication:	1989-11
Authors:	Scarf, Herbert E.
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Integer programming \| prices \| factors of production \| algorithms

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	CFP 763. Published in Operations Research (May-June 1990), 38(3): 377-385 The price is None Number 930 26 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593387