| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4009 |
| DP4009 Auctions with Weakly Assymmetric Interdependent Values | |
| Aner Sela; Arieh Gavious; Gadi Fibich | |
| 发表日期 | 2003-08-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This Paper presents a model in which boundedly rational members of an administrative staff calculate resource allocations in real time. We consider a class of hierarchical procedures in which information about payoff functions flows up and is aggregated by a hierarchy, while allocations flow down and are disaggregated by the hierarchy with decentralized decision making. We assume that the payoff functions are quadratic and that the payoff parameters follow first-order autoregressive processes. We define a team statistical optimality condition that formalizes the notion of decentralized decision making. We derive a reduced form that can be used to address specific questions about organizational structure and returns to scale. |
| 主题 | Industrial Organization |
| 关键词 | Decentralization Hierarchies Bounded rationality Resource allocation Real-time computation |
| URL | https://cepr.org/publications/dp4009 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532988 |
| 推荐引用方式 GB/T 7714 | Aner Sela,Arieh Gavious,Gadi Fibich. DP4009 Auctions with Weakly Assymmetric Interdependent Values. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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