Knight fever : towards an economics of awards

Arbeitspapier

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 individual's desire for distinction, and the supply of awards on the provision of incentives. Relative price and income effects are shown to be identifiable and strong. A number of empirically testable propositions are formulated. As awards are (at least so far) impossible to measure adequately, empirical tests are carried out using the technique of analytic narratives.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 1468

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification ; Firm Organization and Market Structure ; Compensation Packages; Payment Methods ; Time Allocation and Labor Supply ; Bureaucracy; Administrative Processes in Public Organizations; Corruption ; Organizational Behavior; Transaction Costs; Property Rights
• Thema: incentives ; motivation ; awards ; orders ; distinction ; principal-agent ; Preisverleihung ; Leistungsanreiz ; Sozialer Status ; Leistungsmotivation ; Agency Theory ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Frey, Bruno S.
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/18832
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ