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Awards as Signals


Bruno S. Frey


CREMA; Behavioural Science; Economics

Susanne Neckermann


University of Zurich - Department of Economics Library
October 28, 2010

CESifo Working Paper Series No. 3229

Abstract:     
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

working papers series


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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 )
Gellertstrasse 18
Basel
Zurich, CH 8006
Switzerland
Behavioural Science ( email )
Coventry CV4 7AL
United Kingdom
Economics ( email )
Am Seemooser Horn 20
Friedrichshafen, Lake Constance 88045
Germany
Susanne Neckermann
University of Zurich - Department of Economics Library ( email )
Raemistrasse 71
Zuerich, 8006
Switzerland
Feedback to SSRN (Beta)


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