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Competing for Talents

  • Ettore Damiano
  • Hao Li
  • Wing Suen

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.

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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-220.

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Length: 38 pages
Date of creation: 22 Oct 2005
Date of revision:
Handle: RePEc:tor:tecipa:tecipa-220
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  1. Bruce Sacerdote, 2000. "Peer Effects with Random Assignment: Results for Dartmouth Roommates," NBER Working Papers 7469, National Bureau of Economic Research, Inc.
  2. Ettore Damiano & Hao Li & Wing Suen, 2004. "First in Village or Second in Rome," Working Papers tecipa-221, University of Toronto, Department of Economics.
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  8. 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.
  9. 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.
  10. Tranaes, Torben, 2001. "Raiding Opportunities and Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 19(4), pages 773-98, October.
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