Globalization and the Concentration of Talent
Ulrich Schetter and
Annual Conference 2018 (Freiburg, Breisgau): Digital Economy from Verein für Socialpolitik / German Economic Association
We analyze the allocation of talent across teams in large matching markets with competition for rank. We show that under general conditions globalization in the form of a convex transformation of payoffs promotes the concentration of talent, i.e. it makes positive assortative matching more likely and negative assortative matching less likely. This is in line with recent trends in European football (soccer) leagues.
Keywords: globalization; inequality; matching; rank competition; strategic interaction (search for similar items in EconPapers)
JEL-codes: D00 D02 D3 D4 D62 D85 J01 P40 Z2 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc18:181562
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