Fontenay, Catherine de; Meagher, Kieron J. - In: Review of Economic Design 6 (2001) 1, pp. 113-124
The decentralized information processing approach pioneered by Radner and Van Zandt endogenously determines the optimal hierarchy for decision making within an organization. The simplest information processing model is the one-shot problem (one set of information to process) which serves as the...