she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message … evaluation indicates bad performance. The justification assures the agent that the principal has not distorted the evaluation … performance, however, the principal pays a constant high wage without justification. …

awards such as the Nobel Prize or John Bates Clark medal, and particularly strong for those ranked among the top 100 …

Despite the social importance of awards, they have been largely disregarded by academic research in economics. This …

Awards play a large role in the economics profession, which is documented by the large variety and number of awards …. However, little scientific attention has been devoted to them. This paper documents the prevalence of awards in the economics … profession and analyzes the number and type of awards received by the 1,200 leading economists included in Who's Who in Economics …

This paper analyzes awards as a means of motivation prevalent in the scientific community, but so far neglected in the … economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than … signaling research talent to outsiders. Awards should therefore be taken seriously as a means of motivating research that may …

about how to instrumentalize them to induce effort. Awards - widespread in the corporate sector and elsewhere - are …

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 …

, there is an explosion of the number of awards, which by their very nature are based on non-quantified performance. Will … explanation for the paradoxical existence of two totally different developments is offered: The value of awards is the higher, the …-quantified and non-quantifiable aspects of life are cherished. The quantification mania not only raises the value of awards but also …

Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private …-material extrinsic incentive. The demand for awards relies on an individual's desire for distinction, and the supply of awards on the … testable propositions are formulated. As awards are (at least so far) impossible to measure adequately, empirical tests are …