In a decision-theoretic model of a firm, the author represents managers as information processors of limited capacity; efficiency is measured in terms of (1) the number of processors and (2) the delay between the receipt of information by the organization and the implementation of the decision....

We define the class of two‐player zero‐sum games with payoffs having mild discontinuities, which in applications typically stem from how ties are resolved. For such games, we establish sufficient conditions for existence of a value of the game, maximin and minimax strategies for the players,...