Hierarchical Computation of the Resource Allocation Problem
AbstractSome 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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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 9412001.
Length: 8 pages
Date of creation: 20 Dec 1994
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Other versions of this item:
- Van Zandt, Timothy, 1995. "Hierarchical computation of the resource allocation problem," European Economic Review, Elsevier, vol. 39(3-4), pages 700-708, April.
- E - Macroeconomics and Monetary Economics
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