Money burning and rank egalitarianism with random dictators

D. J. Zizzo

doi:10.1016/S0165-1765(03)00190-3

Money burning and rank egalitarianism with random dictators

D. J. Zizzo

Research output: Contribution to journal › Article › peer-review

67 Citations (Scopus)

Abstract

This paper presents the results of an experiment in Oxford where relative standing can be improved by randomly chosen dictators only by reducing (‘burning’) the money of the coplayers at a cost to themselves. Almost 50% of the subjects engage in money burning, and 75% of burners appear rank egalitarian.

Original language	English
Pages (from-to)	263-266
Number of pages	4
Journal	Economics Letters
Volume	81
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(03)00190-3
Publication status	Published - 2003

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10.1016/S0165-1765(03)00190-3

Cite this

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title = "Money burning and rank egalitarianism with random dictators",

abstract = "This paper presents the results of an experiment in Oxford where relative standing can be improved by randomly chosen dictators only by reducing ({\textquoteleft}burning{\textquoteright}) the money of the coplayers at a cost to themselves. Almost 50% of the subjects engage in money burning, and 75% of burners appear rank egalitarian.",

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