Mathematical Programming and Economic Theory
AbstractThe 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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Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 930.
Length: 26 pages
Date of creation: Nov 1989
Date of revision:
Publication status: Published in Operations Research (May-June 1990), 38(3): 377-385
Note: CFP 763.
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Phone: (203) 432-3702
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Web page: http://cowles.econ.yale.edu/
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tjalling C. Koopmans & Martin J. Beckmann, 1955. "Assignment Problems and the Location of Economic Activities," Cowles Foundation Discussion Papers 4, Cowles Foundation for Research in Economics, Yale University.
- James Markusen & Thomas Rutherford, 1994.
"Discrete plant-location decisions in an applied general-equilibrium model of trade liberalization,"
Review of World Economics (Weltwirtschaftliches Archiv),
Springer, vol. 130(1), pages 133-151, March.
- James R. Markusen & Thomas F. Rutherford, 1993. "Discrete Plant-Location Decisions in an Applied General-Equilibrium Model of Trade Liberalization," NBER Working Papers 4513, National Bureau of Economic Research, Inc.
- Drexl, Andreas & Jörnsten, Kurt & Knof, Diether, 2005. "Non-linear anonymous pricing in combinatorial auctions," Discussion Papers 2005/6, Department of Business and Management Science, Norwegian School of Economics.
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