In mainstream business and economics, prizes such as the Presidential Medal of Freedom are understood as special types of incentives, with the peculiar features of being awarded in public, and of having largely symbolic value. Informed by both historical considerations and philosophical...

Aim: The article is concerned with the issues relating to arbitration in terms of the development of economy and entrepreneurship. The history of arbitration dates back to ancient times and many of its characteristic features continue to be reflected in the contemporary legal instruments.. The...

We investigate the impact of the "Metrobank Award for Outstanding Teachers" using a unique dataset from a survey of teachers who competed from 1988 to 2010. Our study is one of the firsts to use income as the primary indicator of success. When the sample is limited to those who were actively...

Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.

The digital revolution has led to a quantification of ever more areas of human life and society. At the same time, there is an explosion of the number of awards, which by their very nature are based on non-quantified performance. Will quantification take over completely, leading to...

Using a new identification strategy and unique, rich data on Nobel laureates, we show that being in new or multiple locations, as measures of exposure to novel combinations of ideas, and the number of other local important innovators, all increase the probability that eventual Nobel laureates...

This article tests the effects of Oscar awards on the production of feature films. Time series data for Spain over the 1953-2014 period are used and a production function is estimated assuming that the Oscar effects accrue through the total factor productivity. A lag structure is introduced...

Orden und Ehrenzeichen werden in der Bundesrepublik kaum wahrgenommen, das Ansehen von staatlichen Auszeichnungen ist im Vergleich zu anderen Ländern eher gering. Allerdings können nicht-materielle Ehrungen für freiwillig Engagierte motivierend wirken, weshalb es in Zeiten mit steigendem...

We investigate whether Nobel laureates' collaborative activities undergo a negative change following prize reception by using publication records of 198 Nobel laureates and analyzing their coauthorship patterns before and after the Nobel Prize. The results overall indicate less collaboration...

Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...

This paper investigates the impact of different driving behavior evaluation systems on the distribution of monetary rewards for economic driving. It starts with an introduction into truck telematics systems as the most prominent data source for the assessment metrics. Two specific systems are...