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has been widely documented, compensation for local disamenities does not increase the level of support. An empirical … and the crowding-out of public spirit. However, a "compensation cycle" may be exploited to finally win the support of host … communities. As siting issues are decided in the realm of politics, an economic theory of compensation must focus on the interplay …
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Awards in the form of orders, decorations, prizes, and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit, and profit-oriented firms. This paper argues that awards present a unique combination of different stimuli and that they are distinct and unlike other...
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