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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.

Suggested Citation

  • Timothy Van Zandt, 1994. "Hierarchical Computation of the Resource Allocation Problem," Macroeconomics 9412001, EconWPA.
  • Handle: RePEc:wpa:wuwpma:9412001
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    References listed on IDEAS

    as
    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, 1979. "The Optimum Span of Control in a Pure Hierarchy," Management Science, INFORMS, vol. 25(11), pages 1162-1172, November.
    3. Patrick Bolton & Mathias Dewatripont, 1994. "The Firm as a Communication Network," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 809-839.
    4. Timothy Van Zandt, 1997. "Real-Time Hierarchical Resource Allocation," Discussion Papers 1231, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. repec:adr:anecst:y:1992:i:25-26:p:13 is not listed on IDEAS
    6. 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.
    7. Timothy Van Zandt, 1998. "The scheduling and organization of periodic associative computation: Efficient networks," Review of Economic Design, Springer;Society for Economic Design, vol. 3(2), pages 93-127.
    8. Radner, Roy, 1993. "The Organization of Decentralized Information Processing," Econometrica, Econometric Society, vol. 61(5), pages 1109-1146, September.
    9. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Anil Arya & Jonathan Glover & Bryan R. Routledge, 2002. "Project Assignment Rights and Incentives for Eliciting Ideas," Management Science, INFORMS, vol. 48(7), pages 886-899, July.
    2. Guido Fioretti, 2012. "Two measures of organizational flexibility," Journal of Evolutionary Economics, Springer, vol. 22(5), pages 957-979, November.
    3. Bolton, Patrick & Dewatripont, Mathias, 1995. "The time and budget constraints of the firm," European Economic Review, Elsevier, vol. 39(3-4), pages 691-699, April.
    4. Meagher, Kieron & Rogers, Mark, 2004. "Network density and R&D spillovers," Journal of Economic Behavior & Organization, Elsevier, vol. 53(2), pages 237-260, February.
    5. Fioretti, Guido, 2008. "Two Lyapunov Functions for Flexible Organizations," MPRA Paper 8204, University Library of Munich, Germany.

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    JEL classification:

    • E - Macroeconomics and Monetary Economics

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