Chapter

Notes on Computational Complexity

Kumaraswamy Velupillai

in Computable Economics

Published in print January 2000 | ISBN: 9780198295273
Published online November 2003 | e-ISBN: 9780191596988 | DOI: http://dx.doi.org/10.1093/0198295278.003.0008
 Notes on Computational Complexity

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A characterization of dynamic choice attributable to Marshall is used as the vehicle through which to discuss the computational complexity of sequentially rational behaviour. Khachiyan's famous results on polynomial time complexity of an ellipsoid algorithm is also described and used in the context of the choice by a ‘Marshallian consumer’. Some general background remarks on the computational complexity of the simplex algorithm are also given.

Keywords: computational complexity; dynamic choice; ellipsoid algorithm; L.G. Khachiyan; Alfred Marshall; Marshallian consumer; sequential behaviour; simplex algorithm

Chapter.  4510 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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