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Managing Complexity
[article]
2004
arXiv
pre-print
Physical analogs have shown considerable promise for understanding the behavior of complex adaptive systems, including macroeconomics, biological systems, social networks, and electric power markets. Many of today's most challenging technical and policy questions can be reduced to a distributed economic control problem. Indeed, economically-based control of large-scale systems is founded on the conjecture that the price-based regulation (e.g., auctions, markets) results in an optimal allocation
arXiv:nlin/0408051v1
fatcat:v5iqqxvqiffxhc5m7u5qeotnru