Journal Article
Competition lessens competition: an experimental investigation of simultaneous participation in a public good game and a lottery contest game with shared endowment
Publication details
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.
Notes
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