EconPapers    
Economics at your fingertips  
 

Competition and Well-Being

Jordi Brandts, Arno Riedl and Frans van Winden ()

No 1769, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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 short side of the exchange relation. Moreover, competition has a clearly negative impact on the disposition towards others and on the experienced well-being of those on the long side. Since subjective well-being improves only for those on the short side competition contributes to larger inequalities in experienced well-being. All in all competition does not show up as a positive force in our environment.

Keywords: happiness; well-being; laboratory experiment; emotions; market interaction; competition (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-com, nep-exp, nep-mic and nep-soc
Date: 2005-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Published as "Competitive Rivalry, Social Disposition, and Subjective Well-Being: An Experiment" in: Journal of Public Economics, 2009, 93 (11-12), 1158-1167

Downloads: (external link)
http://ftp.iza.org/dp1769.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 (2004) Downloads
Working Paper: Competition and Well-Being (2004) Downloads
Working Paper: Competition and Well-Being (2004) 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:iza:izadps:dp1769

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2019-08-16
Handle: RePEc:iza:izadps:dp1769