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Managerial costs for one-shot decentralized information processing

Listed author(s):
  • Kieron Meagher

    (Economics Program, RSSS Australian National University, Canberra, ACT 0200, Australia (Tel.: +61)

  • Timothy Van Zandt

    (Department of Economics, Princeton University, Princeton, NJ 08544-1021, USA (Tel.: +1)

Radner (1993) proposed a model of decentralized associative computation as a means to understand information processing in organizations. In the model, in which an organization processes a single cohort of data, resources are measured by the number of managers. This paper (i) explains why resources should instead be measured by the time the managers are busy, (ii) shows that, nevertheless, the characterization of sufficient conditions for efficient networks in Radner (1993) and Keren and Levhari (1979) is valid for either measure, (iii) shows that measuring resources by the number of operations leads to sharper results on necessary conditions for efficiency, (iv) strengthens Radner's results on the irregularity of efficient hierarchies, and (v) compares the relative costs of parallelization under the two measures.

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Article provided by Springer & Society for Economic Design in its journal Review of Economic Design.

Volume (Year): 3 (1998)
Issue (Month): 4 ()
Pages: 329-345

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Handle: RePEc:spr:reecde:v:3:y:1998:i:4:p:329-345
Note: Received: 28 February 1997 / Accepted: 30 September 1997
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