Skip to main content

Part of the book series: New Economic Windows ((NEW))

  • 1467 Accesses

Abstract

We describe several potential economic applications for quantum information technology. These applications rely on the information aspects of quantum computing rather than computational advantages. Thus these economic applications are viable with just a few qubits, so could be useful early benefits of the technology. This contrasts with applications, such as factoring, that exploit the computational advantages of quantum computing. We illustrate this possibility in the context of auctions.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 139.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 249.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. J. Eisert and M. Wilkens, J. Modern Optics 47, 2543 (2000)

    Google Scholar 

  2. P. W. Shor, in Proc. of the 35th Symposium on Foundations of Computer Science, edited by S. Goldwasser (IEEE Press, Los Alamitos, CA, 1994), pp. 124–134

    Chapter  Google Scholar 

  3. L. K. Grover, Physical Review Letters 79, 325 (1997)

    Article  Google Scholar 

  4. C. H. Bennet and G. Brassard, Quantum Cryptography: Public key distribution and coin tossing, in Proceedings of the IEEE International Conference on Computers, Systems, and Signal Processing, Bangalore, p. 175 (1984)

    Google Scholar 

  5. S. Lloyd, Science 319, 1209 (2008)

    Article  Google Scholar 

  6. C. H. Bennett, G. Brassard, C. Crepeau, R. Jozsa, A. Peres, and W. K. Wootters, Physical Review Letters 70, 1895 (1993)

    Article  Google Scholar 

  7. G. Taubes, Science 274, 504 (1996)

    Article  Google Scholar 

  8. P. Klemperer, Auctions: Theory and Practice, The Toulouse Lectures in Economics (Princeton Univ. Press, Princeton, NJ, 2006)

    Google Scholar 

  9. D. J. Griffiths, Introduction to Quantum Mechanics, Prentice Hall; United States edition (1994). ISBN 0-13-124405-1

    Google Scholar 

  10. J. J. Sakurai, Modern Quantum Mechanics, Addison Wesley; 2nd edition (1993). ISBN 0-20-153929-2

    Google Scholar 

  11. T. Hogg, P. Harsha, and K.-Y. Chen, Intl. J. of Quantum Information 5, 751 (2007)

    Article  Google Scholar 

  12. S. Guha, T. Hogg, D. Fattal, T. Spiller, and R. G. Beausoleil, International Journal of Quantum Information 6 (2008)

    Google Scholar 

  13. M. Naor, B. Pinkas, and R. Sumner, in Proc. of the ACM Conference on Electronic Commerce (EC99) (ACM Press, NY, 1999), pp. 129–139

    Book  Google Scholar 

  14. P. Cramton, Y. Shoham, and R. Steinberg, eds., Combinatorial Auctions (MIT Press, 2006)

    Google Scholar 

  15. M. Rabin, Tech. Menlo, TR-81, Aiken Comp. Lab., Harvard University (1981)

    Google Scholar 

  16. O. Goldreich, S. Micali, and A. Wigderson, in STOC’ 87: Proc. of the nineteenth annual ACM conference on theory of computing (ACM Press, New York, NY, USA, 1987), pp. 218–229

    Book  Google Scholar 

  17. D. B. Keim and K. A. Kavajecz, Tech. Rep. number 324240, SSRN eLibrary (2002)

    Google Scholar 

  18. D. Fattal, A. Chefles, M. Fiorentino, and R. G. Beausoleil, submitted to Nature, (2008)

    Google Scholar 

  19. T. Hogg and L. Zhang, Intl. J. of Quantum Information 7 (2009)

    Google Scholar 

  20. V. Giovannetti, S. Lloyd, and L. Macconne, ArXiv:quant-ph/0809.1934, (2008)

    Google Scholar 

  21. J. Eisert, M. Wilkens, and M. Lewenstein, Physical Review Letters 83, 3077 (1999)

    Article  Google Scholar 

  22. J. Du et al., Physics Letters A 302, 229 (2002a)

    Article  Google Scholar 

  23. J. Du et al., Physical Review Letters 88, 137902 (2002b)

    Article  Google Scholar 

  24. B. A. Huberman and T. Hogg, Quantum Information Processing 2, 421 (2003), arxiv.org preprint quant-ph/0306112

    Article  Google Scholar 

  25. P. L. Mura, arxiv.org preprint quant-ph/0309033 (2003)

    Google Scholar 

  26. A. P. Flitney and A. D. Greentree, Physics Letters A 362, 132 (2007)

    Article  Google Scholar 

  27. K.-Y. Chen, T. Hogg, and R. Beausoleil, Quantum Information Processing 1, 449 (2002), arxiv.org preprint quant-ph/0301013

    Article  Google Scholar 

  28. K.-Y. Chen and T. Hogg, Quantum Information Processing 5, 43 (2006)

    Article  Google Scholar 

  29. J. Preskill, Nature 402, 357 (1999)

    Article  Google Scholar 

  30. S. Lloyd, M. S. Shahriar, and P. R. Hemmer, Tech. Rep., MIT (2004)

    Google Scholar 

  31. D. Castelvecchi, Science News 174, 24 (2008)

    Article  Google Scholar 

  32. H. J. Kimble, Nature 453, 1023 (2008)

    Article  Google Scholar 

  33. K.-Y. Chen and T. Hogg, Quantum Information Processing 7, 139 (2008)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2010 Springer-Verlag Italia

About this paper

Cite this paper

Hogg, T., Fattal, D.A., Chen, KY., Guha, S. (2010). Economic Applications of Quantum Information Processing. In: Basu, B., Chakravarty, S.R., Chakrabarti, B.K., Gangopadhyay, K. (eds) Econophysics and Economics of Games, Social Choices and Quantitative Techniques. New Economic Windows. Springer, Milano. https://doi.org/10.1007/978-88-470-1501-2_5

Download citation

Publish with us

Policies and ethics