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We develop a model in which competition in the labor market may produce worker-firm matches that are inferior to those obtained in the absence of competition. This result contrasts with the conventional wisdom that competition among employers allocates scarce talent efficiently. In a model in...
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"In this paper, we study the initial recruitment of individuals in the political sector. We propose an equilibrium … model of political recruitment by a party who faces competition for political talent from the lobbying sector. We show that …
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