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...

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...

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...

Preise (awards) stellen im Rahmen eines Wettbewerbs aus dem Teilnehmerfeld den Besten heraus. Sie sind damit ein vereinfachtes, meist positives Signal, damit soll belohnt, Transparenz erhöht sowie Verbesserungs- und Nachahmeffekte erzielt werden. In diesem Sinne ist ein Nachhaltigkeitsaward ein...

Preise (awards) stellen im Rahmen eines Wettbewerbs aus dem Teilnehmerfeld den Besten heraus. Sie sind damit ein vereinfachtes, meist positives Signal, damit soll belohnt, Transparenz erhöht sowie Verbesserungs- und Nachahmeffekte erzielt werden. In diesem Sinne ist ein Nachhaltigkeitsaward ein...

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...

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...

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...

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...

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 ran a field experiment in a Dutch retail chain consisting of 128 stores. In a random sample of these stores, we introduced short-term sales competitions among subsets of stores. We find that sales competitions have a large effect on sales growth, but only in stores where the store's manager...

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 effect of superstar CEOs on their competitors. Exploiting shocks to CEO status due to prestigious media awards, we document a significant positive stock market performance of competitors of superstar CEOs subsequent to the award. The effect is more pronounced for...

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...

The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms illustrates the influence of expected opponent’s decision in bid price setting. Assumptions...

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...

Honours fulfil one of the most fundamental desires of human beings, namely, to be recognised and held in esteem by others. There are thousands of awards in all areas of society: the state, arts and media, sports, religion, the voluntary sector, academia, and business. Awards are well visible,...

Awards appear in various forms, ranging from the title "Employee of the Month" to prizes, decorations, and other honors. This contribution develops a theory designed to analyze the widely-observed phenomenon of award giving. We use signaling theory as a basis for our discussion. The perspectives...

The external influence of scholarly activity has to date been measured primarily in terms of publications and citations, metrics that also dominate the promotion and grant processes. Yet the array of scholarly activities visible to the outside world are far more extensive and recently developed...

Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients' subsequent research activity and status compared to a...