Paul Fahn Measuring Information Efficiency by Bounded Oracle Computation What does it mean for two nonrecursive sets of natural numbers to contain the same information? If two sets contain the same information, how can we compare the efficiency with which they represent the information? We introduce quantitative measures of relative information effiency between two sets A and B by asking a series of questions along the lines of ``How many bits of A can be computed from n bits of B?'' We show how to make these questions mathematically precise using a model of computation with a bounded number of oracle queries. The oracle queries can be either ``parallel,'' where all n questions are asked at once, or ``sequential,'' where each oracle query can depend on the answers to earlier queries. We examine, and present results for, both models of bounded oracle computation, using the complete sets of Ershov's difference hierarchy as natural examples.