haku: @author Reichelstein, S. / yhteensä: 8
viite: 4 / 8
| Tekijä: | Marschak, T. Reichelstein, S. |
| Otsikko: | Network mechanisms, informational efficiency, and hierarchies |
| Lehti: | Journal of Economic Theory
1998 : MAR, VOL. 79:1, p. 106-141 |
| Asiasana: | MODELS NETWORKS INFORMATION ORGANIZATIONS |
| Kieli: | eng |
| Tiivistelmä: | In the article, the model of network mechanisms studies individually addressed messages between any two members of an organization. For a given organizational objective function, examined are communication costs, as measured by the number of message variables that agents need to exchange at equilibrium in order to achieve the desired action choices. For the class of objective functions it is considered, price mechanisms are shown to minimize communication costs. If one requires the network to be hierarchical, the organization may be forced to use more message variables. The increase in communication costs associated with alternative hierarchies is identified. |
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