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Review of Radical Political Economics
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Winner-Take-a-Hike Markets: The Arrogant Agent Problem in a Model of Devious Colleague Selection

Alan Day Haight

Economics Department, Bowling Green State University, Bowling Green, OH 43403, USA, ahaight{at}cba.bgsu.edu

To protect their office rank and "strutils' (which are utils obtained by strutting around the office), the senior professionals in a law firm or academic department sometimes resort to devious prescreening of job applicants, passing over the best candidates. This practice is more tempting for a hiring professional who is wealthy, in a large organization, and (perhaps) in a bad marriage. A diagram depicts the trade-off between office status and pecuniary income. Winner-take-a-hike deceptions may distort returns to schooling, contribute to the glass ceiling, and motivate both discrimination and reverse discrimination to-ward women and ethnic minorities.

Key Words: discrimination • insider-outsider • principal-agent • positional goods • glass ceiling • returns to education

Review of Radical Political Economics, Vol. 35, No. 3, 241-247 (2003)
DOI: 10.1177/0486613403255534
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