Globalization and the Concentration of Talent

Ulrich Schetter and Oriol Tejada

VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy from Verein für Socialpolitik / German Economic Association

Abstract: 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)
Date: 2018
New Economics Papers: this item is included in nep-gth and nep-spo
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https://www.econstor.eu/bitstream/10419/181562/1/VfS-2018-pid-13371.pdf (application/pdf)

Related works:
Working Paper: On Globalization and the Concentration of Talent (2019)
Working Paper: On Globalization and the Concentration of Talent (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc18:181562

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