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The Organization of Decentralized Information Processing
Abstract
In a decision-theoretic model of a firm, the author represents managers as information processors of limited capacity; efficiency is measured in terms of (1) the number of processors and (2) the delay between the receipt of information by the organization and the implementation of the decision. The author characterizes efficient networks for both one-shot and repeated regimes, as well as the corresponding 'production function' relating the number of items processed to the number of processors and the delay. He sketches some applications to common decision paradigms, and implications for decentralization and organizational returns to scale. Copyright 1993 by The Econometric Society.
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Cited by
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Aghion, P., Caroli, E., & García-Peñalosa, C. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.4.1615 · Cited by 1,848
Hierarchical Structure and Search in Complex Organizations
Mihm, J., Loch, C. H., Wilkinson, D., & Huberman, B. A. (2010) · Management Science · doi:10.1287/mnsc.1100.1148 · Cited by 154
Governing the Provision of Ecosystem Services
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Communication and optimal hierarchical networks
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Metadata
- Authors
- Radner, R.
- Venue
- Econometrica
- Publisher
- JSTOR
- Published
- 1993-09
- Volume
- 61
- Issue
- 5
- Pages
- 1109
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W2005460785
- Cited by
- 699
- References
- 0
- FWCI
- 10.03
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
