Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67846
Authors: 
Vierø, Marie-Louise
Year of Publication: 
2009
Series/Report no.: 
Queen's Economics Department Working Paper 1198
Abstract: 
This paper develops an equilibrium sorting model with utility maximizing researchers who differ in their ability on one side of the market, and on the other side universities and an outside sector. In equilibrium, the top of the ability distribution is allocated to the academic sector, while the bottom of the ability distribution is allocated to the outside sector. For low values of the outside option, the academic sector is unaffected by it and exit from academia happens involuntarily. For higher values of the outside option, the academic sector is constrained by the outside sector and the universities are unable to satisfy their demands for researchers. In this case all exit from academia is voluntary and, furthermore, an increase in the value of the outside option decreases the difference in average quality between the higher and lower ranked universities.
Subjects: 
Sorting
Universities
Academia
Ranking
JEL: 
C78
D02
Document Type: 
Working Paper

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