Managerial costs for one-shot decentralized information processing |
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| Authors: | Meagher Kieron Van Zandt Timothy |
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| Institution: | (1) Economics Program, RSSS Australian National University, Canberra, ACT 0200, Australia (Tel.: +61 (6) 249 4135; Fax: +61 (6) 249 0182; e-mail: kmeagher@coombs.anu.edu.au), AU;(2) Department of Economics, Princeton University, Princeton, NJ 08544-1021, USA (Tel.: +1 (609) 258-4050; Fax: +1 (609) 258-6419; e-mail: tvz@princeton.edu, Web: www.princeton.edu/˜tvz), US |
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| Abstract: | Radner (1993) proposed a model of decentralized associative computation as a means to understand information processing in
organizations. In the model, in which an organization processes a single cohort of data, resources are measured by the number
of managers. This paper (i) explains why resources should instead be measured by the time the managers are busy, (ii) shows
that, nevertheless, the characterization of sufficient conditions for efficient networks in Radner (1993) and Keren and Levhari
(1979) is valid for either measure, (iii) shows that measuring resources by the number of operations leads to sharper results
on necessary conditions for efficiency, (iv) strengthens Radner's results on the irregularity of efficient hierarchies, and
(v) compares the relative costs of parallelization under the two measures.
Received: 28 February 1997 / Accepted: 30 September 1997 |
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| Keywords: | JEL classification: D83 D23 : Organizations decentralization parallel processing |
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