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Competition and Well-Being

Jordi Brandts, Arno Riedl and Frans van Winden ()

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: 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 competition has a strong negative impact on social well-being, the disposition towards others, and individually experienced well-being, the emotional state, of those on the long side of the market. We conjecture that this limits the possibilities of satisfactory interaction in the future and, hence, has negative implications for efficiency in the longer-run

Keywords: competition; happiness; well-being; laboratory experiment; emotions (search for similar items in EconPapers)
JEL-codes: A13 C92 D30 J50 M50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe
Date: 2004-04-15
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http://pareto.uab.es/wp/2004/60804.pdf (application/pdf)

Related works:
Working Paper: Competition and Well-Being (2006) Downloads
Working Paper: Competition and Well-Being (2005) Downloads
Working Paper: Competition and Well-Being (2005) Downloads
Working Paper: Competition and Well-Being (2004) Downloads
Working Paper: Competition and Well-Being (2004) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:aub:autbar:608.04

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