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Bounded Rationalities and Computable Economies

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Author Info
Richter, M.K.
Wong, K-C.
Abstract

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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Publisher Info
Paper provided by Minnesota - Center for Economic Research in its series Papers with number 297.

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Length: 80 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:minner:297

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Postal: UNIVERSITY OF MINNESOTA, CENTER FOR ECONOMIC RESEARCH, DEPARTMENT OF ECONOMICS, MINNEAPOLIS MINNESOTA 35455 U.S.A.
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Related research
Keywords: GENERAL EQUILIBRIUM; CONSUMERS;

Find related papers by JEL classification:
D00 - Microeconomics - - General - - - General
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques

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This page was last updated on 2009-11-20.


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