This paper shows that large, multi-establishment business enterprises face a high cost of middle management in poor … real management costs with respect to real GDP per worker is 0.1. We quantify the importance of this finding using a … calibrated appropriate technology model where firms choose whether to adopt the management-intensive modern business structure …

, holding fixed firm size, soft information also favors flatter organizations with fewer layers of management. In contrast …, large hierarchical firms with multiple layers of management are at a comparative advantage when information can be …This paper assesses different organizational forms in terms of their ability to generate information about investment …

This paper explores environments in which either the revelation or diffusion of information, or its incorporation into … methodology and for understanding the process by which stock prices incorporate information. Two environments are highlighted …. First, information is often not revealed in one announcement but rather through a process of gradual public revelation …

A model of interest rate movements in response to new information on the money stock is developed.The model, which …

This paper shows how recent developments in the Economics of Information can provide insights into economic relations …

Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their … probabilistic beliefs about work elsewhere. Enterprises can acquire specific information concerning the productivity of a particular …