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Escaping the Zero-Sum Game of Positional Races

Author

Listed:
  • Gilles Grolleau
  • Igor Galochkin
  • Angela Sutan

Abstract

Positional races are frequently described as zero-sum games implying that winners are exactly offset by losers. From the social welfare viewpoint, these races are wasteful. We develop several mechanisms allowing individuals to cope with the zero sum nature of rank games and possibly increase their happiness. We provide evidence to support the relevance of these mechanisms in real world settings. Several policy implications are drawn.
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Suggested Citation

  • Gilles Grolleau & Igor Galochkin & Angela Sutan, 2012. "Escaping the Zero-Sum Game of Positional Races," Kyklos, Wiley Blackwell, vol. 65(4), pages 464-479, November.
    • Handle: RePEc:bla:kyklos:v:65:y:2012:i:4:p:464-479
    DOI: 10.1111/kykl.2012.65.issue-4
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    Cited by:

    1. Grolleau Gilles & Marciano Alain & Mzoughi Naoufel, 2018. "How Status Seeking may Prevent Coasean Bargaining," Review of Law & Economics, De Gruyter, vol. 14(2), pages 1-20, July.
    2. Katherine Farrow & Gilles Grolleau & Lisette Ibanez, 2022. "Does misery love company? An experimental investigation [How much do we care about absolute versus relative income and consumption?]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 523-540.
    3. Jérémy Celse & Bruno S. Frey & Gilles Grolleau & Naoufel Mzoughi, 2022. "The unexpected power of negative awards," Kyklos, Wiley Blackwell, vol. 75(3), pages 385-393, August.
    4. S. Wouters & N. Exel & M. Donk & K. Rohde & W. Brouwer, 2015. "Do people desire to be healthier than other people? A short note on positional concerns for health," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 16(1), pages 47-54, January.

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