Competition, Income Distribution, and the Middle Class: An Experimental Study
Joint Authors
Kittel, Bernhard
Paetzel, Fabian
Traub, Stefan
Source
Journal of Applied Mathematics
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-09-01
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
We study the effect of competition on income distribution by means of a two-stage experiment.
Heterogeneous endowments are earned in a contest, followed by a surplus-sharing task.
The experimental test confirms our initial hypothesis that the existence of a middle class is as effective as institutional hurdles in limiting the power of the less able in order to protect the more able players from being expropriated.
Furthermore, majoritarian voting with a middle class involves fewer bargaining impasses than granting veto rights to the more able players and, therefore, is more efficient.
American Psychological Association (APA)
Kittel, Bernhard& Paetzel, Fabian& Traub, Stefan. 2015. Competition, Income Distribution, and the Middle Class: An Experimental Study. Journal of Applied Mathematics،Vol. 2015, no. 2015, pp.1-15.
https://search.emarefa.net/detail/BIM-1067070
Modern Language Association (MLA)
Kittel, Bernhard…[et al.]. Competition, Income Distribution, and the Middle Class: An Experimental Study. Journal of Applied Mathematics No. 2015 (2015), pp.1-15.
https://search.emarefa.net/detail/BIM-1067070
American Medical Association (AMA)
Kittel, Bernhard& Paetzel, Fabian& Traub, Stefan. Competition, Income Distribution, and the Middle Class: An Experimental Study. Journal of Applied Mathematics. 2015. Vol. 2015, no. 2015, pp.1-15.
https://search.emarefa.net/detail/BIM-1067070
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1067070