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Organizational Languages
Wernerfelt, Birger
Location: http://hdl.handle.net/1721.1/3820

The paper is concerned with communication within a team of players trying to coordinate in response to information dispersed among them. The problem is nontrivial because they cannot communicate all information instantaneously, but have to send longer or shorter sequences of messages, using coarse codes. We focus on the design of these codes and show that members may gain compatibility advantages by using identical codes, and that this can support the existence of several, more or less efficient, symmetric equilibria. Asymmetric equilibria may exist only if coordination across different sets of members is of sufficiently different importance. The results are consistent with the stylized fact that firm differ even within industries and that coordination between divisions is harder than coordination inside divisions.

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Detalles del recurso

Organizational Languages
Id. 23861
Idioma inglés (Estados Unidos)
Titulo Organizational Languages
Autor(es) Wernerfelt, Birger
Location http://hdl.handle.net/1721.1/3820
Versión 1.0
Estado Final
Descripción The paper is concerned with communication within a team of players trying to coordinate in response to information dispersed among them. The problem is nontrivial because they cannot communicate all information instantaneously, but have to send longer or shorter sequences of messages, using coarse codes. We focus on the design of these codes and show that members may gain compatibility advantages by using identical codes, and that this can support the existence of several, more or less efficient, symmetric equilibria. Asymmetric equilibria may exist only if coordination across different sets of members is of sufficiently different importance. The results are consistent with the stylized fact that firm differ even within industries and that coordination between divisions is harder than coordination inside divisions.
Tipo 153816 bytes
application/pdf
Palabras clave Communication
Tipo de recurso Working Paper
Tipo de Interactividad Expositivo
Nivel de Interactividad muy bajo
Audiencia Estudiante
Profesor
Autor
Estructura Atomic
Coste no
Copyright
Formatos 153816 bytes
application/pdf
Requerimientos técnicos Browser: Any
Fecha de contribución 07-may-2008
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