Is it true that there are problems in the polynomial hierarchy solvable in time $O(n^k)$ (by an alternating Turing machine in some level of the polynomial hierarchy) that are not solvable in $O(n^{k-1})$ in any level of the polynomial hierarchy? In other words - does there exist a time hierarchy theorem for the polynomial hierarchy like there does for P and NP? If there does - a reference would be great.
The difficulty I ran into is that the simulating machine, when simulating machines from all levels of the hierarchy, is not in any distinct level of the hierarchy. Which leads to a related question - what is the smallest class such a simulating machine belongs to? Is there any sense in defining a class with $O(n)$ alternations (or $O(\log n)$ / $O(\log \log n)$)?