Managerial costs for one-shot decentralized information processing

Kieron Meagher and Timothy Van Zandt ()

Review of Economic Design, 1998, vol. 3, issue 4, 329-345

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.

JEL-codes: D23 D83 (search for similar items in EconPapers)
Date: 1998-09-16
Note: Received: 28 February 1997 / Accepted: 30 September 1997
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://link.springer.de/link/service/journals/10058/papers/8003004/80030329.pdf (application/pdf)
Access to the full text of the articles in this series is restricted

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:reecde:v:3:y:1998:i:4:p:329-345

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10058

Access Statistics for this article

Review of Economic Design is currently edited by Atila Abdulkadiroglu, Fuhito Kojima and Tilman Börgers

More articles in Review of Economic Design from Springer, Society for Economic Design
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().