Competition lessens competition: an experimental investigation of simultaneous participation in a public good game and a lottery contest game with shared endowment

Publication type

Journal Article

Authors

Publication date

September 15, 2013

Summary:

Highlights

Players simultaneously participate in two games with shared endowment.

Biddings in the contest game are almost at the equilibrium level.

Contributions to the public good are unaffected by the simultaneous participation.

There are almost no behavioural spillovers across games.

A bit of competition the between games largely disciplines irrational behaviour.We experimentally analyse simultaneous behaviour in a contest game and a public good game, whose endowment is shared. Competition for resources (i) almost eliminates overbidding, without affecting public good contributions and (ii) almost eliminates the behavioural spillovers between the games.

Published in

Economics Letters

Volume and page numbers

Volume: 120 , p.419 -423

DOI

http://dx.doi.org/10.1016/j.econlet.2013.05.021

ISSN

1651765

Subject

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

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