Awards as signals

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.

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Year of publication:	2010
Authors:	Frey, Bruno S. ; Neckermann, Susanne
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Preisverleihung \| Leistungsanreiz \| Sozialer Status \| Signalling \| Globalisierung \| Welt \| awards \| signals \| status \| anonymity \| globalization

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Series:	CESifo Working Paper ; 3229
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	640169082 [GVK] hdl:10419/46399 [Handle]
Classification:	A13 - Relation of Economics to Social Values ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; J33 - Compensation Packages; Payment Methods
Source:	EconStor

Persistent link: https://www.econbiz.de/10010274867