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Competition and Well-Being

descriptionPublicationkeyboard_double_arrow_right Article , Research , Other literature type , Preprint 01 Jan 2005 Netherlands, Spain Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Jordi Brandts; Arno Riedl; Frans van Winden;

doi: 10.2139/ssrn.548222 , 10.26481/umamet.2005034

handle: 10261/1800 , 10419/33629 , 10419/86364 , 2072/1840

Competition and Well-Being

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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

Countries

Netherlands, Spain

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Keywords

Happiness, Well-being, competition, happiness, well-being, laboratory experiment, emotions,, emotions, microeconomics ;, well-being, C92, J50, happiness, M50, D30, A13, Lebensqualität, Competition, ddc:330, Competència econòmica, market interaction, laboratory experiment, competition; happiness; well-being; laboratory experiment; emotions; market interaction, Unvollständiger Vertrag, Wettbewerb, Haboratory experiment, competition, happiness, well-being, laboratory experiment, emotions, market interaction, competition; emotions; happiness; laboratory experiment; market interaction; well-being, competition, jel: jel:C92, jel: jel:D30, jel: jel:J50, jel: jel:A13, jel: jel:M50

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	6
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average