We define the sharply bounded hierarchy, SBH(QL), a hierarchy of class
es within P, using quasilinear-time computation and quantification ove
r strings of length log n. It generalizes the limited nondeterminism h
ierarchy introduced by Buss and Goldsmith, while retaining the invaria
nce properties. The new hierarchy has several alternative characteriza
tions. We define both SBH(QL) and its corresponding hierarchy of funct
ion classes, and present a variety of problems in these classes, inclu
ding less than or equal to(m)(ql)-complete problems for each class in
SBH(QL). We discuss the structure of the hierarchy, and show that dete
rmining its precise relationship to deterministic time classes can imp
ly P not equal PSPACE. We present characterizations of SBH(QL) relatio
ns based on alternating Turing machines and on first-order definabilit
y, as well as recursion-theoretic characterizations of function classe
s corresponding to SBH(QL).