References (23)



Awards as Signals

Bruno S. Frey

CREMA; Zeppelin University

Susanne Neckermann

University of Zurich - Department of Economics

October 28, 2010

CESifo Working Paper Series No. 3229

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 the position and status of an individual is to observe due to an anonymous and globalized setting.

Number of Pages in PDF File: 25

Keywords: awards, signals, status, anonymity, globalization

JEL Classification: A13, D63, J33

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Date posted: October 30, 2010  

Suggested Citation

Frey, Bruno S. and Neckermann, Susanne, Awards as Signals (October 28, 2010). CESifo Working Paper Series No. 3229. Available at SSRN: http://ssrn.com/abstract=1699131

Contact Information

Bruno S. Frey (Contact Author)
CREMA ( email )
Südstrasse 11
Zurich, CH 8008
Zeppelin University ( email )
Am Seemooser Horn 20
Friedrichshafen, Lake Constance 88045
Susanne Neckermann
University of Zurich - Department of Economics ( email )
Zuerich, 8006
Feedback to SSRN

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References:  23

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