EconPapers    
Economics at your fingertips  
 

Competition and Well-Being

Jordi Brandts, Arno Riedl and Frans van Winden ()
Additional contact information
Jordi Brandts: Institut d'Análisi Económica (CSIC), Barcelona

No 04-041/1, Tinbergen Institute Discussion Papers from Tinbergen Institute

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; market interaction (search for similar items in EconPapers)
JEL-codes: A13 C92 D30 J50 M50 (search for similar items in EconPapers)
Date: 2004-04-19
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://papers.tinbergen.nl/04041.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
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:tin:wpaper:20040041

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().

 
Page updated 2019-08-10
Handle: RePEc:tin:wpaper:20040041