Co-operation and competition : the role of identity and social preferences

This paper presents an experiment of Tullock Rent-seeking Model with two layers of information available to participants, namely Intra-Group Information and Inter-Group Information. As social identity is believed to exert ambiguous effects on social welfare and efficiency, the experiment is designed...

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Main Authors: Chen, Hongyu, Zhang, Ruike, Zhang, Shaoyu
Other Authors: Yohanes Eko Riyanto
Format: Final Year Project
Language:English
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10356/52131
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-521312019-12-10T14:27:26Z Co-operation and competition : the role of identity and social preferences Chen, Hongyu Zhang, Ruike Zhang, Shaoyu Yohanes Eko Riyanto School of Humanities and Social Sciences DRNTU::Social sciences::Economic theory::Microeconomics This paper presents an experiment of Tullock Rent-seeking Model with two layers of information available to participants, namely Intra-Group Information and Inter-Group Information. As social identity is believed to exert ambiguous effects on social welfare and efficiency, the experiment is designed to understand the roles of social identity in Tullock Rent-seeking Contest through providing various levels of information. Subjects are divided into groups according to preferences on paintings, and their identities are enhanced by coin-allocation games before they start the Tullock Contest. In the Tullock contest, the subjects are asked to compete for a prize, on the basis of teams, by contributing their endowments. In terms of subjects’ choices of contribution, the sense of rivalry induced by holding different identities has a much stronger impact than the sense of belonging caused by sharing the same identity. Moreover, while considering the interactive effects between gender and information, we observe that male subjects generally behave more aggressively than female and the impact of identity on them could be enhanced by unveiling both Intra-Group and Inter-Group Information. Last but not least, the experimental results suggest that a heterogeneous team composition leads to higher degree of rent dissipation. Bachelor of Arts 2013-04-24T02:06:15Z 2013-04-24T02:06:15Z 2013 2013 Final Year Project (FYP) http://hdl.handle.net/10356/52131 en Nanyang Technological University 52 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic theory::Microeconomics
spellingShingle DRNTU::Social sciences::Economic theory::Microeconomics
Chen, Hongyu
Zhang, Ruike
Zhang, Shaoyu
Co-operation and competition : the role of identity and social preferences
description This paper presents an experiment of Tullock Rent-seeking Model with two layers of information available to participants, namely Intra-Group Information and Inter-Group Information. As social identity is believed to exert ambiguous effects on social welfare and efficiency, the experiment is designed to understand the roles of social identity in Tullock Rent-seeking Contest through providing various levels of information. Subjects are divided into groups according to preferences on paintings, and their identities are enhanced by coin-allocation games before they start the Tullock Contest. In the Tullock contest, the subjects are asked to compete for a prize, on the basis of teams, by contributing their endowments. In terms of subjects’ choices of contribution, the sense of rivalry induced by holding different identities has a much stronger impact than the sense of belonging caused by sharing the same identity. Moreover, while considering the interactive effects between gender and information, we observe that male subjects generally behave more aggressively than female and the impact of identity on them could be enhanced by unveiling both Intra-Group and Inter-Group Information. Last but not least, the experimental results suggest that a heterogeneous team composition leads to higher degree of rent dissipation.
author2 Yohanes Eko Riyanto
author_facet Yohanes Eko Riyanto
Chen, Hongyu
Zhang, Ruike
Zhang, Shaoyu
format Final Year Project
author Chen, Hongyu
Zhang, Ruike
Zhang, Shaoyu
author_sort Chen, Hongyu
title Co-operation and competition : the role of identity and social preferences
title_short Co-operation and competition : the role of identity and social preferences
title_full Co-operation and competition : the role of identity and social preferences
title_fullStr Co-operation and competition : the role of identity and social preferences
title_full_unstemmed Co-operation and competition : the role of identity and social preferences
title_sort co-operation and competition : the role of identity and social preferences
publishDate 2013
url http://hdl.handle.net/10356/52131
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