Monolog vs. dialog in costly bilateral communication
Article Abstract:
A minimax metric test on communication showed that bilateral communication is costly because of its time consuming property. Moreover, it was found that there exist optimal-actions functions in which the need to communicate private information is negated, although the right to communicate has been paid for. In such conditions which favor monolog conversations, making immediate decisions in predefined situations compensate for the error for no-action communications. Additionally, attention to monologs can be restricted with out loss of generality if the optimal-action function is additively separable.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1996
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The value of information in internal management communication
Article Abstract:
Internal managers in highly-decentralized organizations must be able to employ efficient communication control systems in order to ensure that financial reports and other related disclosures are not subject to biases. Various flaws associated with inter-divisional communications may be addressed through the use of a model designed for assessing a manager's tendencies to overstate performance and opportunities. Such a model would not only allow managers to minimize misreporting instances, but help them determine costless and insignificant information, as well.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
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Segmented communication and fashionable behavior
Article Abstract:
Fashion behavior is largely influenced by communication flows between social groups. Socially desirable groups unintentionally set fashion trends because a larger group of imitators follow their behavior regardless of cost. The first groups to adopt a fashion behavior will eventually change their style, hence, another trend is set. It is predicted that fashions are more likely emphasized in societies with heavily compartmentalized communication structure.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1999
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