Awards - A View From Psychological Economics

Arbeitspapier

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 monetary and non-monetary rewards. Despite their relevance in all areas of life awards have not received much scientific attention. We propose to study awards and present results on a vignette experiment that quantifies and isolates the effects of different award characteristics such as the publicity associated with winning an award. Further, employing a unique data set, we demonstrate that there are substantial differences in the intensity of usage of awards across countries.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CREMA Working Paper ; No. 2008-15

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Field Experiments ; Compensation Packages; Payment Methods ; Personnel Economics: Compensation and Compensation Methods and Their Effects
• Thema: Awards ; compensation ; incentives ; principal-agent ; honors and distinctions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Frey, Bruno S. ; Neckermann, Susanne
• Ereignis: Veröffentlichung
• (wer): Center for Research in Economics, Management and the Arts (CREMA)
• (wo): Basel
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/214409
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ