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question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents …
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question we propose a theory of the assignmenof heterogeneous agents into hierarchical teams, where less skilled agents …
Persistent link: https://www.econbiz.de/10014066020
This paper models a market for status contained in a knowledge economy. Technological progress favours the knowledge sector and inequality of income rises with productivity. It turns out that the expected utility of all agents can fall while output and productivity grow; such an outcome of...
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question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents …
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span according to their expected effective ability. This theory explains our empirical findings and provides a richer … theory of careers in hierarchies …
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