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Author Info
Damiano, Ettore
Li, Hao
Suen, Wing

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Abstract

Though individuals prefer to join groups with high quality peers, there are also advantages from being high up in the pecking order within a group. We show that sorting of agents in this environment results in an overlapping interval structure in the type space. Segregation and mixing coexist in a stable equilibrium. A greater degree of egalitarianism within organizations leads to greater segregation across organizations. Since competition is most intense for agents with intermediate talent, effective personnel policies to attract talent differ systematically between high-quality and low-quality organizations. When transfers are possible our stable equilibrium corresponds to a competitive equilibrium but entails too little segregation compared to the efficient assignment.

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Paper provided by Microeconomics.ca Website in its series Micro Theory Working Papers with number damiano-05-01-25-10-14-13.

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Date of creation: 25 Jan 2005
Date of revision: 26 Jan 2005
Handle: RePEc:ubc:pmicro:damiano-05-01-25-10-14-13

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Find related papers by JEL classification:
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
M50 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - General

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  3. Arnott, Richard & Rowse, John, 1987. "Peer group effects and educational attainment," Journal of Public Economics, Elsevier, vol. 32(3), pages 287-305, April. [Downloadable!] (restricted)
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  4. Michael Kremer & Eric Maskin, 1996. "Wage Inequality and Segregation by Skill," NBER Working Papers 5718, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Fernandez, Raquel & Rogerson, Richard, 1996. "Income Distribution, Communities, and the Quality of Public Education," The Quarterly Journal of Economics, MIT Press, vol. 111(1), pages 135-64, February. [Downloadable!] (restricted)
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  8. Susan Athey & Christopher Avery & Peter Zemsky, 2000. "Mentoring and Diversity," American Economic Review, American Economic Association, vol. 90(4), pages 765-786, September. [Downloadable!] (restricted)
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  13. Michael Kremer & Eric Maskin, 1996. "Wage Inequality and Segregation," Harvard Institute of Economic Research Working Papers 1777, Harvard - Institute of Economic Research.
  14. de Bartolome, Charles A M, 1990. "Equilibrium and Inefficiency in a Community Model with Peer Group Effects," Journal of Political Economy, University of Chicago Press, vol. 98(1), pages 110-33, February. [Downloadable!] (restricted)
  15. Epple, Dennis & Romano, Richard E, 1998. "Competition between Private and Public Schools, Vouchers, and Peer-Group Effects," American Economic Review, American Economic Association, vol. 88(1), pages 33-62, March. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Alison Watts, 2007. "Formation of segregated and integrated groups," International Journal of Game Theory, Springer, vol. 35(4), pages 505-519, April. [Downloadable!] (restricted)
  2. Ettore Damiano & Hao Li & Wing Suen, 2005. "Competing for Talents," Working Papers tecipa-220, University of Toronto, Department of Economics. [Downloadable!]
    Other versions:
  3. Alison Watts, 2006. "Formation of Segregated and Integrated Groups," Working Papers 2006.127, Fondazione Eni Enrico Mattei. [Downloadable!]
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