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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Length: 26 pages Date of creation: Nov 1989 Date of revision: Publication status: Published in Operations Research (May-June 1990), 38(3): 377-385 Handle: RePEc:cwl:cwldpp:930
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