Broad Terms and Organizational Codes ∗
Broad Terms and Organizational Codes ∗
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广义术语和组织代码 *
DOI:
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发表时间:
2016
期刊:
影响因子:
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通讯作者:
J. Sobel
中科院分区:
文献类型:
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作者:
J. Sobel
This paper studies organizations in which participants have common preferences but communication is costly. In this model, use words to describe similar information, but need not use precise words for frequent events and vague words for unusual ones. The model identifies a source of communication failure across units. It provides an argument for giving the best-informed agents decision-making authority. Journal of Economic Literature Classification Numbers: D23, D83, L23;