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Journal of Economic Perspectives: Vol. 9 No. 1 (Winter 1995)

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Distributed Computation as an Economic System

Article 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

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.

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Authors

Huberman, Bernardo A. (Xerox Palo Alto Research Center, Palo Alto, CA)
Hogg, Tad (Xerox Palo Alto Research Center, Palo Alto, CA)

JEL Classifications

L96: Telecommunications
A14: Sociology of Economics

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