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"This paper constructs a simple model of pair-wise tournament competition to investigate categorical redistribution in winner-take-all markets. We consider two forms of redistribution: category-sighted, where employers are allowed to use categorical information in pursuit of their redistributive goals; and category-blind, where they are not. It is shown that the equilibrium category-sighted redistribution scheme involves a constant handicap given to agents in the disadvantaged category. Equilibrium category-blind redistribution creates a unique semi-separating equilibrium in which a large pool of contestants exerts zero effort, and this pool is increasing in the aggressiveness of the redistribution goal"--National Bureau of Economic Research web site.
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Categorical redistribution in winner-take-all markets
2003, National Bureau of Economic Research
Electronic resource
in English
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Edition Notes
Title from PDF title screen (viewed on July 25, 2007).
"November 2003."
Includes bibliographical references.
Electronic monograph.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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December 10, 2009 | Created by WorkBot | add works page |