Competing for Talents
AbstractThough individuals prefer to join groups with high quality peers, there are advantages to being high up in the pecking order within a group if higher ranked members of a group have greater access to the group's resources. When two organizations try to attract members from a ¯xed population of heterogeneous agents, how resources are distributed among the members according to their rank a®ects how agents choose between the organizations. Competition between the two organizations has implications for both the equilibrium sorting of agents and the way resources are distributed within each organization. To compete more intensely for the more talented agents, both organizations are selective and give no resources to their low ranks. In both organizations, higher ranks are rewarded with more resources, with a greater rate of increase in the organization that has a lower average quality in equilibrium.
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Bibliographic InfoPaper provided by Vancouver School of Economics in its series Microeconomics.ca working papers with number damiano-06-01-17-02-01-48.
Length: 38 pages
Date of creation: 17 Jan 2006
Date of revision: 17 Jan 2006
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Web page: http://www.economics.ubc.ca/
Other versions of this item:
- Ettore Damiano & Hao Li & Wing Suen, 2005. "Competing for Talents," Working Papers tecipa-220, University of Toronto, Department of Economics.
- Ettore Damiano & Hao Li & Wing Suen, 2006. "Competing for Talents," Departmental Working Papers _177, Chinese University of Hong Kong, Department of Economics.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-29 (All new papers)
- NEP-BEC-2006-01-29 (Business Economics)
- NEP-MIC-2006-01-29 (Microeconomics)
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