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Market competition and efficient cooperation
Brandts, Jordi; Riedl, Arno - 2016
We use laboratory experiments to study the causal effects of favorable and unfavorable competitive market experience on cooperation in a subsequent social dilemma game. The issues we study are part of the broader topic of whether there are behavioral spillovers between different spheres of...
Persistent link: https://www.econbiz.de/10011414636
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Competition and well-being
Brandts, Jordi; Riedl, Arno; Winden, Frans A. A. M. van - 2004
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 …
Persistent link: https://www.econbiz.de/10011335225
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Competition and Well-Being
Brandts, Jordi; Riedl, Arno; Winden, Frans van - Departament d'Economia i Història Econòmica, … - 2004
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 …
Persistent link: https://www.econbiz.de/10005823914
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Competition and Well-Being
Brandts, Jordi; Riedl, Arno; Winden, Frans van - Tinbergen Instituut - 2004
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 …
Persistent link: https://www.econbiz.de/10011255651
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Competitions with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design
Brandts, Jordi; Pezanis-Christou, Paul; Schram, Arthur - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
contracting to a pre-existing spot market. We deal separately with the cases where spot market competition is in quantities and … types of competition the introduction of a forward market significantly lowers prices. The combination of supply function … competition with a forward market leads to high efficiency levels. …
Persistent link: https://www.econbiz.de/10010547195
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Competition and Well-Being
Brandts, Jordi; Riedl, Arno; Winden, Frans van - Barcelona Graduate School of Economics (Barcelona GSE) - 2004
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 …
Persistent link: https://www.econbiz.de/10010547347
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Market Competition and Efficient Cooperation
Brandts, Jordi; Riedl, Arno - 2016
We use laboratory experiments to study the causal effects of favorable and unfavorable competitive market experience on cooperation in a subsequent social dilemma game. The issues we study are part of the broader topic of whether there are behavioral spillovers between different spheres of...
Persistent link: https://www.econbiz.de/10011431230
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Competition and well-being
Brandts, Jordi; Riedl, Arno; van Winden, Frans - 2005
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 …
Persistent link: https://www.econbiz.de/10010277250
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Competition and Well-Being
Brandts, Jordi; Riedl, Arno; van Winden, Frans - 2004
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 …
Persistent link: https://www.econbiz.de/10010325326
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Competition and Well-Being
Brandts, Jordi; Riedl, Arno; Winden, Frans van - Institute for the Study of Labor (IZA) - 2005
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 …
Persistent link: https://www.econbiz.de/10005763750