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Organizational Languages

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Show simple item record Wernerfelt, Birger 2003-12-11T20:21:33Z 2003-12-11T20:21:33Z 2003-11-11
dc.description.abstract 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. en
dc.description.sponsorship Center for Innovation in Product Development at MIT under NSF Cooperative Agreement Number EEC-9529140. en
dc.format.extent 153816 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.subject Communication en
dc.subject Organization en
dc.subject coarse codes en
dc.title Organizational Languages en
dc.type Working Paper en

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