EconPapers    
Economics at your fingertips  
 

Asymmetric discouragement in asymmetric contests

Christoph March and Marco Sahm

Economics Letters, 2017, vol. 151, issue C, 23-27

Abstract: We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our results can be explained by a simple model of disappointment aversion.

Keywords: Asymmetric contest; Discouragement effect; Disappointment aversion; Laboratory experiment (search for similar items in EconPapers)
JEL-codes: C72 C92 D72 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S016517651630492X
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Asymmetric Discouragement in Asymmetric Contests (2016) Downloads
Working Paper: Asymmetric discouragement in asymmetric contests (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:151:y:2017:i:c:p:23-27

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-07-22
Handle: RePEc:eee:ecolet:v:151:y:2017:i:c:p:23-27