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Awards as Signals

25 Pages Posted: 30 Oct 2010  

Bruno S. Frey

CREMA; University of Basel

Susanne Neckermann

University of Zurich - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: October 28, 2010

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.

Keywords: awards, signals, status, anonymity, globalization

JEL Classification: A13, D63, J33

Suggested Citation

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

Bruno S. Frey (Contact Author)

CREMA ( email )

Südstrasse 11
Zurich, CH 8008
Switzerland
+41 44 380 00 78 (Phone)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

Susanne Neckermann

University of Zurich - Department of Economics ( email )

Zuerich, 8006
Switzerland

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