The appearance of homo rivalis: Social preferences and the nature of rent seeking

@inproceedings{Herrmann2008TheAO,
  title={The appearance of homo rivalis: Social preferences and the nature of rent seeking},
  author={Benedikt Herrmann and Henrik Orzen},
  year={2008}
}
While numerous experiments demonstrate how pro-sociality can influence economic decision-making, evidence on explicitly anti-social economic behavior has thus far been limited. In this paper we investigate the importance of spite in experimental rent-seeking contests. Although, as we show, existing evidence of excessive rent-seeking is in theory compatible with fairness considerations, our social preference elicitations reveal that subjects’ investments are driven by spite, not fairness or… CONTINUE READING

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