Coordination in Centralized and Decentralized Systems
| Author | : Vipin P. Veetil |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 2017 |
| ISBN-10 | : OCLC:1305515581 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Download or read book Coordination in Centralized and Decentralized Systems written by Vipin P. Veetil and published by . This book was released on 2017 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a simple coordination problem to understand the difference between centralized and decentralized economic systems. The decentralized system is more robust than the centralized system to communication errors. But the centralized system takes less time than the decentralized system to create coordination among constituent parts. Decentralization is preferable when there is little urgency, when there is need to prevent system-collapse, and when the constituent parts are more likely to make communication errors.
