This paper presents a model in which in each of a succession of time periods the State and the private economy interact to determine rules under which the private agents will operate in the next period, and rules and resources that constrain interventions of the State in the next period. The set...

This paper establishes an elementary lower bound on the computational complexity of smooth functions between Euclidean spaces(actually, smooth manifolds). The main motivation for this comes from mechanism design theory. The complexity of computations required by a mechanism determines an element...

This paper presents a model in which organizational structure emerges as the solution of an optimization problem. The objective is to compute the desired decisions in a given class of economic environments, and the constraints express limitation on the abilities of agents to compute and...