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Hierarchical Computation of the Resource Allocation Problem

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  • Timothy Van Zandt

    (Princeton University)

Abstract

Some recent research on information processing in organizations has treated the agents who process information as endogenous. This paper discusses a sample of models in this area, which differ in their methodology but are unifed by the fact that they study the resource allocation problem. Computational constraints are related to the structure and returns to scale of hierarchies.

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File URL: http://128.118.178.162/eps/mac/papers/9412/9412001.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 9412001.

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Length: 8 pages
Date of creation: 20 Dec 1994
Date of revision:
Handle: RePEc:wpa:wuwpma:9412001

Note: 8 pages, PostScript file, 300dpi
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Web page: http://128.118.178.162

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References

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  1. Mathias Dewatripont & Patrick Bolton, 1994. "The firm as a communication network," ULB Institutional Repository 2013/9595, ULB -- Universite Libre de Bruxelles.
  2. Michael Keren & David Levhari, 1983. "The Internal Organization of the Firm and the Shape of Average Costs," Bell Journal of Economics, The RAND Corporation, vol. 14(2), pages 474-486, Autumn.
  3. Radner, Roy, 1993. "The Organization of Decentralized Information Processing," Econometrica, Econometric Society, vol. 61(5), pages 1109-46, September.
  4. Roy RADNER & Timothy VAN ZANDT, 1992. "Information Processing in Firms and Returns to Scale," Annales d'Economie et de Statistique, ENSAE, issue 25-26, pages 265-298.
  5. Geanakoplos, John & Milgrom, Paul, 1991. "A theory of hierarchies based on limited managerial attention," Journal of the Japanese and International Economies, Elsevier, vol. 5(3), pages 205-225, September.
  6. Timothy Van Zandt, 1997. "Real-Time Hierarchical Resource Allocation," Discussion Papers 1231, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  7. Michael Keren & David Levhari, 1979. "The Optimum Span of Control in a Pure Hierarchy," Management Science, INFORMS, vol. 25(11), pages 1162-1172, November.
  8. Timothy Van Zandt, 1998. "The scheduling and organization of periodic associative computation: Efficient networks," Review of Economic Design, Springer, vol. 3(2), pages 93-127.
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Cited by:
  1. Guido Fioretti, 2012. "Two measures of organizational flexibility," Journal of Evolutionary Economics, Springer, vol. 22(5), pages 957-979, November.
  2. Mathias Dewatripont & Patrick Bolton, 1995. "The time and budget constraints of the firm," ULB Institutional Repository 2013/9601, ULB -- Universite Libre de Bruxelles.
  3. Fioretti, Guido, 2008. "Two Lyapunov Functions for Flexible Organizations," MPRA Paper 8204, University Library of Munich, Germany.

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