A major criticism of the information processing hierarchy model of management structure pioneered by Radner and Van Zandt is that it is unrealistic in its description of labor. This paper shows how the existing model can be extende to use labor hours instead of just the number of people employed. This allows the analysis of hierarchies to include realistic employment regimes such as salaries and piece rates. The sets of efficient hierarchies under these new, more realistic employment regimes are derived.
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Paper provided by Australian National University - Department of Economics in its series Papers with number
309.
Length: 30 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:aunaec:309
Contact details of provider: Postal: THE AUSTRALIAN NATIONAL UNIVERSITY, DEPARTMENT OF ECONOMICS, RESEARCH SCHOOL of PACIFIC STUDIES, RESEARCH SCHOOL OF SOCIAL SCIENCES, G.P.O. 4, CANBERRA ACT 2601 AUSTRALIA..O. BOX 4 CANBERRA 2601 AUSTRALIA. Web page: http://economics.anu.edu.au/economics.htm More information through EDIRC
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Find related papers by JEL classification: D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure