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Competition and Well-Being Author info | Abstract | Publisher info | Download info | Related research | Statistics Brandts, Jordi
Riedl, Arno
van Winden, Frans A.A.M.
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registered author(s):
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 earnings 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.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
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Date of creation: Mar 2006Date of revision:
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Keywords: competition ; emotions ; happiness ; laboratory experiment ; market interaction ; well-being ; Other versions of this item:
Paper Jordi Brandts & Arno Riedl & Frans van Winden, 2004.
"Competition and Well-Being ,"
UFAE and IAE Working Papers
608.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
[Downloadable!] Jordi Brandts & Arno Riedl & Frans van Winden, 2004.
"Competition and Well-Being ,"
Tinbergen Institute Discussion Papers
04-041/1, Tinbergen Institute.
[Downloadable!] Jordi Brandts & Arno Riedl & Frans van Winden, 2005.
"Competition and Well-Being ,"
IZA Discussion Papers
1769, Institute for the Study of Labor (IZA).
[Downloadable!] Brandts,Jordi & Riedl,Arno & Winden,Frans,van, 2005.
"Competition and Well-Being ,"
Research Memoranda
033, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
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