Competition, Income Distribution, and the Middle Class: An Experimental Study

Table 3

Contest versus random endowment.

Prize scheme	Quorum
	Majority	Unanimity
	0.218	0.071
Symmetric	(0.057)	(0.035)
	0.079	0.131
Right-skewed	(0.029)	(0.031)

Note. First row: mean difference of between contest and random. Second row: standard errors. Third row: significance level of a one-tailed -test.