Title

Mathematical Programming and Economic Theory

Document Type

Discussion Paper

Publication Date

11-1-1989

CFDP Number

930

CFDP Pages

26

Abstract

The paper discusses the analogy between economic institutions and algorithms for the solution of 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. An interpretation in terms of the internal organization of the large firm is offered for Lenstra’s integer programming algorithm.

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