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 performance pay to reward scientific tasks, which are...

What is the Economics of Art and Culture? -- The Social Value of Art -- Art Markets and Auctions -- The Artists' Labour Market -- Reproductions in Art -- Creative Cultural Economy -- The Performing Arts -- Festivals -- Films -- Museums -- Superstar Museums and Special Exhibitions -- Cultural...

Cover -- Zum Inhalt / Zum Autor -- Titel -- Vorwort -- Inhaltsverzeichnis -- Einführung -- 1. Der Markt -und darüber hinaus -- Teil A: Der Verdrängungseffekt -- 2. Alltagserfahrungen -- 3. Psychologischer Hintergrund -- 4. Integration in die Wirtschaftstheorie -- 5. Der Übertragungs-Effekt...

There is a fundamental difference between the natural and the social sciences due to reactivity. This difference remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a matter of course that economics should become a natural...

Employees are motivated intrinsically as well as extrinsically. Intrinsic motivation is crucial when tacit knowledge in and between teams must be transferred. Organizational forms enable different kinds of motivation and have different capacities to generate and transfer tacit knowledge. Since...

Museums have many different goals beyond efficiency such as social equity, financial revenue, attracting donors and gaining international, regional or local prestige. Various pricing schemes are being discussed with the aim of reaching these goals. The classical ones are entry prices and free...