American Economic Review Vol. 77 No. 5 1987
Economic Organization with Limited Communication
Abstract
This paper presents formal, stylized representation of communication-accounting systems: oral assignment, portable object, written message, and telecommunication systems are considered. The environments that allows this formalization are characterized by spatial separation, private information, and a need to keep track of past actions, transfers, and shocks.
- Volume
- 77
- Issue
- 5
- Pages
- 954-971
- Sources
- bibtex:phds-export.bib