Intention-Based Fairness Preferences in Two-Player Contests
Journal
Economics Letters
ISSN
0165-1765
ISSN-Digital
1873-7374
Type
journal article
Date Issued
2013-08
Author(s)
Abstract
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.
Language
English
Keywords
Contests
Intention-based fairness preferences
Overdissipation
Overspending
Joy of winning
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam
Volume
120
Number
2
Start page
276
End page
279
Pages
4
Subject(s)
Division(s)
Eprints ID
223601