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.
|Date of creation:||22 Oct 2005|
|Date of revision:|
|Contact details of provider:|| Postal: 150 St. George Street, Toronto, Ontario|
Phone: (416) 978-5283
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.:
- 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.
- 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.
- Tranaes, Torben, 2001. "Raiding Opportunities and Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 19(4), pages 773-98, October.
- Edward P. Lazear, 1984. "Raids and Offermatching," NBER Working Papers 1419, National Bureau of Economic Research, Inc.
- 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.
- Andrew Postlewaite, .
"The Social Basis of Interdependent Preferences,"
Penn CARESS Working Papers
6bd000503382ae2f0b90d25e3, Penn Economics Department.
- Moen, Espen R. & Rosén, Åsa, 2002.
"Does poaching distort training?,"
Working Paper Series
4/2002, Swedish Institute for Social Research.
- Dan Bernhardt & David Scoones, 1991.
"Promotion: Turnover and Preemptive Wage Offers,"
817, Queen's University, Department of Economics.
- 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.
- Bruce Sacerdote, 2000.
"Peer Effects with Random Assignment: Results for Dartmouth Roommates,"
NBER Working Papers
7469, National Bureau of Economic Research, Inc.
- Bruce Sacerdote, 2001. "Peer Effects with Random Assignment: Results for Dartmouth Roommates," The Quarterly Journal of Economics, Oxford University Press, vol. 116(2), pages 681-704.
- 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.
- 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, 2001. "Educational Production," The Quarterly Journal of Economics, Oxford University Press, vol. 116(3), pages 777-803.
When requesting a correction, please mention this item's handle: RePEc:tor:tecipa:tecipa-220. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RePEc Maintainer)
If references are entirely missing, you can add them using this form.