Meagher, Kieron; Zandt, Timothy Van - In: Review of Economic Design 3 (1998) 4, pp. 329-345
Radner (1993) proposed a model of decentralized associative computation as a means to understand information processing in organizations. In the model, in which an organization processes a single cohort of data, resources are measured by the number of managers. This paper (i) explains why...