”The Last will be First, and the First Last: Segregation in Societies with Relative Payoff Concerns”
In this paper published in the Economic Journal, Riccardo Saulle from the Department of Economics and Management "Marco Fanno" of the University of Padova, Christian Seel and P. Jean-Jacques Herings both from Maastricht University, model two stylized societies: one in which the surplus of firms is