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ABSTRACT:
SUBMITTER: Balafoutas L
PROVIDER: S-EPMC3617875 | biostudies-literature | 2012 Jun
REPOSITORIES: biostudies-literature
Balafoutas Loukas L Kerschbamer Rudolf R Sutter Matthias M
Journal of economic behavior & organization 20120601 1
We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given the choice between a tournament and a piece rate scheme, efficiency-minded subjects choose the tournament most often, while spiteful and inequality averse subjects avoid it. When controlling for distribu ...[more]