Globalization and the Concentration of Talent

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.

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Year of publication:	2018
Authors:	Schetter, Ulrich ; Tejada, Oriol
Publisher:	Kiel, Hamburg : ZBW - Leibniz-Informationszentrum Wirtschaft
Subject:	globalization \| inequality \| matching \| rank competition \| strategic interaction

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Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2018: Digitale Wirtschaft - Session: Theory - Markets ; F04-V1
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	English
Other identifiers:	hdl:10419/181562 [Handle] RePEc:zbw:vfsc18:181562 [RePEc]
Classification:	D00 - Microeconomics. General ; D02 - Institutions: Design, Formation, and Operations ; D3 - Distribution ; D4 - Market Structure and Pricing ; D62 - Externalities ; D85 - Network Formation ; J01 - Labor Economics: General ; P40 - Other Economic Systems. General ; Z2 - Sports Economics
Source:	EconStor

Persistent link: https://www.econbiz.de/10011892067