: Van Zandt Timothy
: Hierarchical Computation of the Resource Allocation Problem
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: 1994
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: Economics Working Paper Archive at WUSTL
: Timothy Van Zandt. Hierarchical Computation of the Resource Allocation Problem // Economics Working Paper Archive at WUSTL, Macroeconomics, No 9412001. 1994
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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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