Network mechanisms, informational efficiency, and hierarchies

DOI10.1006/JETH.1997.2375zbMATH Open0911.90112OpenAlexW1973926382MaRDI QIDQ1268596FDOQ1268596

Stefan Reichelstein, Thomas Marschak

Publication date: 5 May 1999

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jeth.1997.2375

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zbMATH Keywords

price mechanismscommunication costsnetwork mechanisms

Mathematics Subject Classification ID

Economics of information (91B44)

Cites Work

• Convex Analysis
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• Network mechanisms, informational efficiency, and hierarchies
• The Organization of Decentralized Information Processing
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• The Firm as a Communication Network
• A Tatonement Process for Public Goods
• The competitive allocation process is informationally efficient uniquely
• Real-time decentralized information processing and returns to scale
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• Game Forms with Minimal Message Spaces
• On the informational size of message spaces
• Realization and Nash Implementation: Two Aspects of Mechanism Design
• Discrete allocation mechanisms: Dimensional requirements for resource- allocation mechanisms when desired outcomes are unbounded
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• Approximating a function by choosing a covering of its domain and k points from its range
• A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes

Cited In (13)

• Mathematical models of formation of rational organizational hierarchies
• Title not available (Why is that?)
• On information aggregation and interim efficiency in networks
• Economics of leadership and hierarchy
• Connectivity, stability and efficiency in a network as an information flow
• Hierarchical information and the rate of information diffusion
• Network mechanisms, informational efficiency, and hierarchies
• A methodology for analyzing decision networks, based on information theory
• Hierarchical social networks and information flow
• Convention evolution in organizations and markets
• Communication and optimal hierarchical networks
• Systems of Bounded Rational Agents with Information-Theoretic Constraints
• The Firm as a Communication Network

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