• Medientyp: E-Artikel
  • Titel: Mathematical Programming and Economic Theory
  • Beteiligte: Scarf, Herbert E.
  • Erschienen: Institute for Operations Research and the Management Sciences (INFORMS), 1990
  • Erschienen in: Operations Research, 38 (1990) 3, Seite 377-385
  • Sprache: Englisch
  • DOI: 10.1287/opre.38.3.377
  • ISSN: 0030-364X; 1526-5463
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  • Beschreibung: <jats:p> This paper, which is based on the remarks offered during a plenary address at the May 1989 CORS/TIMS/ORSA meeting in Vancouver, discusses the analogy between economic institutions and algorithms for solving 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. A possible interpretation in terms of the internal organization of a large firm is offered for Lenstra's integer programming algorithm. </jats:p>