Hierarchies of processors with endogenous capacity
成果类型：
Article
署名作者：
Prat, A
署名单位：
Tilburg University
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1997.2330
发表日期：
1997
页码：
214-222
关键词：
摘要：
Capacity is defined as the number of information items a processor can handle in a given time. This note studies the properties of a hierarchy of processors in which the capacities of processors are choice variables. The hierarchy must pay each processor it decides to employ a wage which is an increasing function of the prl,ct ssor's capacity. It is shown that efficient hierarchies tend to be characterized by three simple properties: iii within any given level, capacity is uniform, (ii)across levels, the higher the level, the higher the capacity, and (iii) no skip-level reporting occurs. (C) 1997 Academic Press.