Garcia-Martinez, Jose A. - In: Journal of Economic Theory 145 (2010) 6, pp. 2471-2482
We consider a selection process and a hierarchical institution in a dynamic model as in Harrington (1998) [4], where agents are "climbing the pyramid" in a rank-order contest based on the "up or out" policy. Agents are matched in pairs to compete, and each pair faces a particular environment....