Frey, Bruno S.; Neckermann, Susanne - Center for Research in Economics, Management and the … - 2010
a unique cross-country data set, we suggest that awards serve as signals. Awards are more prevalent the more difficult …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 …