Distributed Computation as an Economic System
- 1 February 1995
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 9 (1), 141-152
- https://doi.org/10.1257/jep.9.1.141
Abstract
As computer networks grow and blanket the planet, they become a community of concurrent processes, which, in their interactions, strategies, and lack of perfect knowledge, become analogous to human market economies. Economics may thus offer new ways of designing and understanding the behavior of distributed computer systems.Keywords
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