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Type	Working Paper
Scope	Discipline-based scholarship
Title	Looking Awkward When Winning and Foolish When Losing: Inequity Aversion and Performance in the Field
Organization Unit	Theory of Economic Policy and Non-Market Economics (Bruno Frey)
Authors	Benno Torgler Markus Schaffner Bruno Frey Sascha L Schmidt
Language	English
Institution	University of Zurich
Series Name	Working paper series / Institute for Empirical Research in Economics
Number	No. 369
ISSN	1424-0459
Date	2008
Abstract Text	The experimental literature and studies using survey data have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. Individuals are concerned about social comparisons. However, behavioral evidence in the field is rare. This paper provides an empirical analysis testing the model of inequity aversion using two unique panel data sets for basketball and soccer players. We find support that the concept of inequity aversion helps to understand how the relative income situation affects performance in a real competitive environment with real tasks and real incentives.
Official URL	http://www.econ.uzh.ch/wp.html
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