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Computable EconomicsThe Arne Ryde Memorial Lectures$
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K. Velupillai

Print publication date: 2000

Print ISBN-13: 9780198295273

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198295278.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 January 2022

Notes on Computational Complexity

Notes on Computational Complexity

(p.134) 8 Notes on Computational Complexity
Computable Economics

Kumaraswamy Velupillai

Oxford University Press

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

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