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: Radner R
: The Organization of Decentralized Information Processing : : 1993 : : Econometrica () : 5 : 61 : Roy Radner. The Organization of Decentralized Information Processing // Econometrica, Vol. 61, No. 5. (Sep., 1993), pp. 1109-1146. : . - -. , . , . . In a decision-theoretic model of a firm, I represent managers as information processors of limited capacity; efficiency is measured in terms of the number of processors and the delay between the receipt of information by the organization and the implementation of the decision. I characterize 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. I sketch some applications to common decision paradigms, and implications for decentralization and organizational returns to scale. : ( ) : : / : / : () : 8945, : 915, : 4. |