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Evolving Information Processing Organizations

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Author Info
John H. Miller
Abstract

The organization of information processing resources is a central question in economic, organizational, and computational theory. Recent work by Radner (1992) and others has developed a simple theoretical framework and some useful formal mathematical results about the behavior of such systems. Here, we follow a complementary computational approach that allows us to pursue questions concerning the impact of coordination and various exogenous conditions facing the organization. We find that organizations demonstrate "order for free," that is, given a simple structural framework and a set of standard operating procedures, even randomly generated organizations imply well-defined patterns of behavior. Using a genetic algorithm, we also show that simple evolutionary processes allow organizations to "learn" better structures.

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Publisher Info
Paper provided by Santa Fe Institute in its series Working Papers with number 95-06-053.

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Date of creation: Jun 1995
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Handle: RePEc:wop:safiwp:95-06-053

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  1. Holland, John H & Miller, John H, 1991. "Artificial Adaptive Agents in Economic Theory," American Economic Review, American Economic Association, vol. 81(2), pages 365-71, May. [Downloadable!] (restricted)
  2. Sah, Raaj Kumar & Stiglitz, Joseph E, 1986. "The Architecture of Economic Systems: Hierarchies and Polyarchies," American Economic Review, American Economic Association, vol. 76(4), pages 716-27, September. [Downloadable!] (restricted)
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  3. Stanley Reiter, 1995. "Coordination and the Structure of Firms," Discussion Papers 1121, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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This page was last updated on 2009-12-16.


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