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Frey, Bruno S. - CESifo - 2009

This paper argues that the “Economics of Crime” concentrates too much on punishment as a policy to fight crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as...

Persistent link: https://www.econbiz.de/10005013061

What is an Award Worth? An Econometric Assessment of the Impact of Awards on Employee Performance

Neckermann, Susanne; Cueni, Reto; Frey, Bruno S. - CESifo - 2009

Behavioral economics documents the importance of status and self-image concerns in the workplace, but is largely silent about how to instrumentalize them to induce effort. Awards - widespread in the corporate sector and elsewhere - are motivators that derive their value from such social...

Persistent link: https://www.econbiz.de/10004979427

Wage Policy and Endogenous Wage Rigidity: A Representative View From the Inside

Agell, Jonas; Bennmarker, Helge - CESifo - 2002

have an impact on attitudes concerning effort and motivation. …

Persistent link: https://www.econbiz.de/10005051594

Why are Small Firms Different? Managers’ Views

Agell, Jonas - CESifo - 2003

care about relative pay. I argue that these findings fit with behavioral stories of incentives and motivation, in …

Persistent link: https://www.econbiz.de/10005196276

Knight Fever – Towards an Economics of Awards

Frey, Bruno S. - CESifo - 2005

Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive.The demand for awards relies on an...

Persistent link: https://www.econbiz.de/10005406118

Strategic Approaches to CO2 Emissions - The Case of the Cement Industry and of the Chemical Industry

Arjaliès, Diane Laure; Goubet, Cécile; Ponssard, … - CESifo - 2014

The ability of companies to turn an environmental constraint into a source of strategic opportunities is a controversial topic in published research. The article, which is based on a comparative study of the CO2 emission reduction strategies implemented by the cement and chemical industries,...

Persistent link: https://www.econbiz.de/10010877636

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

Persistent link: https://www.econbiz.de/10010877694

Innovation Contests

Pérez-Castrillo, David; Wettstein, David - CESifo - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

Persistent link: https://www.econbiz.de/10010877748

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

Persistent link: https://www.econbiz.de/10010877893

Has Creative Destruction Become More Destructive?

Komlos, John - CESifo - 2014

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …

Persistent link: https://www.econbiz.de/10010888453