| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4345 |
| DP4345 The Dynamics of Seller Reputation: Theory and Evidence from eBay | |
| Luis Cabral; Ali Hortacsu | |
| 发表日期 | 2004-04-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Companion papers develop a model of real-time hierarchical computation of resource allocations by boundedly rational members of an administrative staff. The nodes of a hierarchy are multi-person decision-making units offices. The current Paper uses a reduced form to address specific questions about organizational structure and returns to scale. We find that the possibility of decentralizing decision-making within these hierarchical organizations allows for larger hierarchies. Organization size is, however, still bounded because the combined effect of cumulative delay and administrative costs means that in large enough hierarchies, the value of the root office ?s information processing is less than the office ?s administrative costs. We also find that as the environment changes more rapidly, optimal hierarchies become smaller and more internally decentralized. A speed-up of managerial processing, such as through improved information technology, has the opposite effect. |
| 主题 | Industrial Organization |
| 关键词 | Decentralization Hierarchies Bounded rationality Resource allocation Real-time computation |
| URL | https://cepr.org/publications/dp4345 |
| 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/533302 |
| 推荐引用方式 GB/T 7714 | Luis Cabral,Ali Hortacsu. DP4345 The Dynamics of Seller Reputation: Theory and Evidence from eBay. 2004. |
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