Asset Details
MbrlCatalogueTitleDetail
Do you wish to reserve the book?
Human competition is not lower if competing is socially wasteful instead of socially beneficial
by
Otten, Kasper
in
Competition
2022
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
You are currently in the queue to collect this book. You will be notified once it is your turn to collect the book.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Oops! Something went wrong.
While trying to remove the title from your shelf something went wrong :( Kindly try again later!
Do you wish to request the book?
Human competition is not lower if competing is socially wasteful instead of socially beneficial
by
Otten, Kasper
in
Competition
2022
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Human competition is not lower if competing is socially wasteful instead of socially beneficial
Journal Article
Human competition is not lower if competing is socially wasteful instead of socially beneficial
2022
Request now
and choose the collection method
Overview
Abstract
Humans compete for jobs, promotions, income, status, and many other scarce goods. In some situations, allocating scarce goods via competition is socially beneficial. In other situations, competition is not necessary to allocate goods, and nevertheless engaging in competition creates inefficiencies and welfare loss. We use an incentivized lab experiment to study whether people compete differently depending on whether allocating scarce goods via competition is socially wasteful or socially beneficial. We find that competition behavior is strikingly similar in situations where competing is socially wasteful and socially beneficial. Accordingly, there is large excess competition in situations of wasteful competition, creating considerable efficiency losses. We find evidence of a social trap involved in this excess competition. People are considerably more likely to compete if they believe others compete, and their beliefs on others’ competition are similar in situations where competing is socially wasteful and socially beneficial. Interventions aimed at lowering beliefs on others’ competition may be an effective method of lowering excess competition to prevent inefficiencies and welfare loss.
Publisher
Nature Publishing Group,Nature Publishing Group UK,Nature Portfolio
Subject
This website uses cookies to ensure you get the best experience on our website.