Advanced Search
MyIDEAS: Login to save this article or follow this journal

Information Processing in Firms and Returns to Scale

Contents:

Author Info

  • Roy RADNER
  • Timothy VAN ZANDT
Registered author(s):

    Abstract

    What are the returns to scale in decision-making, when information processing is costly? In a parallel-processing model of a firm, we characterize efficient networks for associative operations, where efficiency is measured in terms of the number of individual processors (of given capacity) and the information-processing delay. We then embed this structure in a model of decision-making under uncertainty, and find that returns to scale can vary from increasing to sharply decreasing, depending on the intercorrelation of the data and on the loss function for incorrect decisions.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.jstor.org/stable/20075867
    Download Restriction: no

    Bibliographic Info

    Article provided by ENSAE in its journal Annals of Economics and Statistics.

    Volume (Year): (1992)
    Issue (Month): 25-26 ()
    Pages: 265-298

    as in new window
    Handle: RePEc:adr:anecst:y:1992:i:25-26:p:13

    Contact details of provider:
    Postal: 3, avenue Pierre Larousse, 92245 Malakoff Cedex
    Phone: 01.41.17.51.55
    Email:
    Web page: http://annales.ensae.fr/
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1992:i:25-26:p:13. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Gary-Bobo).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.