[VCEE Seminar] VCEE Seminar with Aidas Masiliunas - Invitation, June 21

[Mailing list of the VCEE seminar series]

Dear members and friends of the VCEE,

You are invited to attend the VCEE seminar on Friday June 14, 2024, from
10:30 to 12:00 hrs Vienna time. 

The seminar takes place in lecture hall 17 (2nd floor) at
Oskar-Morgenstern-Platz 1.

We will have one speaker: Aidas Masiliunas (University of Sheffield)

Webpage:
https://www.sheffield.ac.uk/economics/staff/academic/aidas-masiliunas

 

Here is more information about the talk:

 

Title: Asymmetry facilitates wealth creation in a dynamic investment game

 

Abstract:

We address the question of whether inequality impedes economic growth using
economic experiments. Our novel dynamic game combines elements of a public
goods game and a rent-seeking contest and participants are both cooperating
to grow the future resources and competing to obtain a higher share of these
resources. We study the consequences of two types of asymmetries, either in
resources or in abilities (modeled via contest effort cost). The two types
of asymmetries are manipulated in a 2x2 factorial design, allowing us to
separate the effects of asymmetry from pure wealth inequality. We find that
either type of asymmetry significantly improves the investments in economic
growth, compared to the symmetric baseline. We replicate these results in
experiments with both a growing economy (no depreciation of the prize value)
and a shrinking economy (50% depreciation in each round). We contribute to
the existing experimental literature by showing that the negative effect of
endowment asymmetry, found in public goods games, is reversed when the
rewards from investments are allocated endogenously.

 

If you are interested in meeting after the seminar (meeting slots of 30')
you can register via this link:

https://nuudel.digitalcourage.de/uyaua2AjIJ7i6YUP

Best regards,

Sylvia

 

Sylvia Vosatka

-------------------------------------------

Department of Economics

University of Vienna

Oskar-Morgenstern-Platz 1

1090 Vienna, Austria

Phone: +43 1 4277 37408

 



 

 

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