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  5. Distributed Computation as an Economic System

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Distributed Computation as an Economic System

  • Bernardo A. Huberman
  • Tad Hogg
Journal of Economic Perspectives
vol. 9, no. 1, Winter 1995
(pp. 141–152)
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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.

Citation

Huberman, Bernardo A., and Tad Hogg. 1995. "Distributed Computation as an Economic System." Journal of Economic Perspectives, 9 (1): 141–152. DOI: 10.1257/jep.9.1.141

JEL Classification

  • L96 Telecommunications
  • A14 Sociology of Economics
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