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Brandts, Jordi; Riedl, Arno; Winden, Frans A. A. M. van - 2004

We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff gains for the short side of the market. We also find that...

Persistent link: https://www.econbiz.de/10011335225

Competition and well-being : does market competition make people unhappy?

Fischer, Justina A. V. (contributor) - 2008 - Version: 2 April 2008

Empirical research on the role of economic institutions for subjective well-being is still widely lacking, while recent economic-experimental outcomes suggest that experienced utility may depend on the intensity of market competition. This paper is the first to empirically analyze the...

Persistent link: https://www.econbiz.de/10003672548

Competition and well-being

Brandts, Jordi (contributor); Riedl, Arno (contributor); … - 2005

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...