Robustness and Fragility of Markets: Research at the Interface of Economics and Computer Science

5 Pages Posted: 12 Aug 2011

See all articles by Lawrence E. Blume

Lawrence E. Blume

Cornell University - Department of Economics; Institute for Advanced Studies (IHS)

Date Written: 2010

Abstract

Market behavior is the central topic of economics. Yet while economists have a good understanding of the behavior of well-functioning markets, we have little to say about market fragility, market resiliency, and market collapse. Research emerging at the frontier between computer science and economics offers new ways of addressing this important issue.

Suggested Citation

Blume, Lawrence E., Robustness and Fragility of Markets: Research at the Interface of Economics and Computer Science (2010). American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas, Available at SSRN: https://ssrn.com/abstract=1888521 or http://dx.doi.org/10.2139/ssrn.1888521

Lawrence E. Blume (Contact Author)

Cornell University - Department of Economics ( email )

414 Uris Hall
Ithaca, NY 14853-7601
United States
607-255-9530 (Phone)

Institute for Advanced Studies (IHS)

Josefstädter Straße 39
1080 Vienna
Austria

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