Formation of Convoys, Tennis Ladders, Colleges and Related Groups
AbstractWe analyze the formation of a hierarchy of groups such as herds, members of a "rung" in a tennis ladder, students at a particular quality of college, or club members sharing a local public good. An individual is interested in maximizing her individual payoff which depends on a variable associated with the group and a value associated with her rank within the group. We analyze equilibria, and the stability of the equilibrium set of groups, and welfare.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 589.
Length: 35 pages
Date of creation: 1985
Date of revision:
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- Ettore Damiano & Hao Li & Wing Suen, 2010.
"First In Village Or Second In Rome?,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(1), pages 263-288, 02.
- Ettore Damiano & Hao Li & Wing Suen, 2004. "First in Village or Second in Rome," Working Papers tecipa-221, University of Toronto, Department of Economics.
- Damiano, Ettore & Li, Hao & Suen, Wing, 2005. "First in village or second in Rome?," Microeconomics.ca working papers damiano-05-01-25-10-14-13, Vancouver School of Economics, revised 26 Jan 2005.
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