Template-type: ReDif-Paper 1.0
Author-Name: Brandts Jordi
Author-Name: Riedl Arno
Author-Name: Winden Frans van
Author-workplace-name: METEOR
Title: Competition and Well-Being
Abstract: This paper experimentally studies the effects of competition in an environment where people’s actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earning for the short side of the exchange relation. Moreover, competition has a clearly negative impact on the disposition towards others and on the experienced well-being of those on the long side. Since subjective well-being improves only for those on the short side competition contributes to larger inequalities in experienced well-being. All in all competition does not show up as a positive force in our environment.
Keywords: microeconomics ; 
Series: Research Memoranda
Creation-Date: 2005
Number: 033
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:0cedaf4c-180a-4eb4-a022-1564614479ac/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 317996
Handle: RePEc:unm:umamet:2005033