08-16-2017, 10:10 PM
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Market oriented programming is an approach to distributed computation based on market price mechanisms. The economic perspective on decentralized (computational) decision making has several advantages. Markets are an effective institution for coordinating the activities of several agents with minimal communication and economic science has developed an extensive analytic framework for studying such multi-agent systems. The idea of market oriented programming is to exploit the institution of markets and they can be used to solve some problems of distributed resource allocation. In this seminars, I will talk about general concepts related to market oriented programming and how they can be applied to solve problems of distributed resource allocation