Competing for Talents
Though 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 fixed population of heterogeneous agents, how resources are distributed among the members according to their rank affects 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.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Feb 2006|
|Date of revision:|
|Contact details of provider:|| |
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.:
- Andrew Postlewaite, .
"The Social Basis of Interdependent Preferences,"
Penn CARESS Working Papers
6bd000503382ae2f0b90d25e3, Penn Economics Department.
- Edward P. Lazear, 1999.
NBER Working Papers
7349, National Bureau of Economic Research, Inc.
- Espen R. Moen & Asa Rosén, 2004.
"Does Poaching Distort Training?,"
Review of Economic Studies,
Wiley Blackwell, vol. 71(4), pages 1143-1162, October.
- 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.
- Bernhardt, Dan & Scoones, David, 1993.
"Promotion, Turnover, and Preemptive Wage Offers,"
American Economic Review,
American Economic Association, vol. 83(4), pages 771-91, September.
- Caillaud, Bernard & Jullien, Bruno, 2003. " Chicken & Egg: Competition among Intermediation Service Providers," RAND Journal of Economics, The RAND Corporation, vol. 34(2), pages 309-28, Summer.
- Summers, Anita A & Wolfe, Barbara L, 1977. "Do Schools Make a Difference?," American Economic Review, American Economic Association, vol. 67(4), pages 639-52, September.
- Edward P. Lazear, 1984. "Raids and Offermatching," NBER Working Papers 1419, National Bureau of Economic Research, Inc.
- 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.
- Bruce Sacerdote, 2001.
"Peer Effects With Random Assignment: Results For Dartmouth Roommates,"
The Quarterly Journal of Economics,
MIT Press, vol. 116(2), pages 681-704, May.
- Bruce Sacerdote, 2000. "Peer Effects with Random Assignment: Results for Dartmouth Roommates," NBER Working Papers 7469, National Bureau of Economic Research, Inc.
- Tranaes, Torben, 2001. "Raiding Opportunities and Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 19(4), pages 773-98, October.
- 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.
- Cole, Harold L & Mailath, George J & Postlewaite, Andrew, 1992. "Social Norms, Savings Behavior, and Growth," Journal of Political Economy, University of Chicago Press, vol. 100(6), pages 1092-1125, December.
When requesting a correction, please mention this item's handle: RePEc:chk:cuhked:_177. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.