Simultaneous Decision-Making in Competitive and Cooperative Environments

Anya Savikhin () and Roman Sheremeta
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Anya Savikhin: The University of Chicago
Authors registered in the RePEc Author Service: Anya Savikhin Samek

Working Papers from Chapman University, Economic Science Institute

Abstract: MWe experimentally investigate simultaneous decision-making in two contrasting environments: a competitive environment (a contest) and a cooperative environment (a voluntary contribution mechanism). We find that the cooperative nature of the voluntary contribution mechanism spills over to the contest, decreasing sub-optimal overbidding in the contest. However, contributions to the public good are not affected by simultaneous participation in the contest. There is a significant negative correlation between decisions made in competitive and cooperative environments, i.e. more cooperative subjects tend to be less competitive and vice versa. This correlation can be rationalized by heterogeneous social preferences towards inequality but not by bounded rationality theory.

Keywords: cooperation; competition; public goods; contests; experiments; behavioral spillover (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2010-04
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-gth and nep-pbe
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Citations: View citations in EconPapers (20)

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http://www.chapman.edu/ESI/wp/SimultaneousDecision-Making-Sheremeta.pdf (application/pdf)

Related works:
Journal Article: SIMULTANEOUS DECISION-MAKING IN COMPETITIVE AND COOPERATIVE ENVIRONMENTS (2013)
Working Paper: Simultaneous Decision-Making in Competitive and Cooperative Environments (2012)
Working Paper: Simultaneous Decision-Making in Competitive and Cooperative Environments (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:chu:wpaper:10-09

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