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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...
Persistent link: https://www.econbiz.de/10005474413
This paper studies consumer theory from the bounded rationality approach proposed in Richter and Wong (1996a), with a 'uniformity principle' constraining the magnitudes (prices, quantities, etc.) and the operations (to perceive, evaluate, choose, communicate, etc.) that agents can use. In...
Persistent link: https://www.econbiz.de/10005656741