Intention-based fairness preferences in two-player contests

Magnus Hoffmann; Martin Kolmar

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence, overdissipation occurs if the value of the prize is sufficiently small. -- contests ; intention-based fairness preferences

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Year of publication:	2013
Authors:	Hoffmann, Magnus ; Kolmar, Martin
Publisher:	München : CESifo
Subject:	Wettbewerb \| Competition \| Spieltheorie \| Game theory \| Gerechtigkeit \| Justice \| Präferenztheorie \| Theory of preferences \| Theorie \| Theory

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Extent:	Online-Ressource graph. Darst.
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 4104
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/69540 [Handle]
Classification:	D03 - Behavioral Economics; Underlying Principles ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; D74 - Conflict; Conflict Resolution; Alliances
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009702885