Awards as signals

Bruno S. Frey and Susanne Neckermann

Awards are widespread in all countries and are prevalent both in the public sphere and in the private sector. This paper argues, and empirically supports, that awards serve public functions and economists should take them seriously. Using a unique cross-country data set, we suggest that awards serve as signals. Awards are more prevalent the more difficult the position and status of an individual is to observe due to an anonymous and globalized setting. -- awards ; signals ; status ; anonymity ; globalization

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Year of publication:	2010
Authors:	Frey, Bruno S. ; Neckermann, Susanne
Publisher:	Zurich : Inst. for Empirical Research in Economics
Subject:	Preisverleihung \| Award \| Leistungsanreiz \| Performance incentive \| Sozialer Status \| Social status \| Signalling \| Globalisierung \| Globalization \| Welt \| World

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Extent:	20 S. graph. Darst.
Series:	Working paper / Institute for Empirical Research in Economics, University of Zürich. - Zürich : Inst. for Empirical Research in Economics, ISSN 1424-0459, ZDB-ID 2125592-1. - Vol. 513
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Classification:	A13 - Relation of Economics to Social Values ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; J33 - Compensation Packages; Payment Methods
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10008935977