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:	2010-09
Authors:	Frey, Bruno S. ; Neckermann, Susanne
Institutions:	Center for Research in Economics, Management and the Arts (CREMA)
Subject:	Awards \| Signals \| Status \| Anonymity \| Globalization
Description of contents:	Abstract [crema-research.ch]

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Extent:	application/pdf
Series:	CREMA Working Paper Series.
Type of publication:	Book / Working Paper
Classification:	A13 - Relation of Economics to Social Values ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; J33 - Compensation Packages; Payment Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008682893