take the outcomes of the subsequent post-entry (Cournot) competition into account in making their entry decisions. We …

problems. Smith's theory of the invisible hand, which says that competition channels self-interest for the common good, is …. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately …'s world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our …

economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …

promote competition or to lead to a more equal environment is often in question in societies or organizations. With … good is selected. The majority of subjects, however, vote in favor of having a public good, contrary to the standard theory … by their risk attitudes or the size of awards in competition. These suggest that people’s institutional choices are …

competition (lottery contest) and one that encourages cooperation (public good game). We find that simultaneous participation in … competition. We find that in early periods, there is a negative correlation between decisions in competitive and in cooperative …