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Knight fever : towards an economics of awards

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dc.creator Frey, Bruno S.
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:32Z
dc.date.available 2013-10-16T07:01:32Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18832
dc.identifier ppn:488927129
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18832
dc.description 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.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1468
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Z13
dc.subject L22
dc.subject J33
dc.subject J22
dc.subject D73
dc.subject D23
dc.subject ddc:330
dc.subject incentives
dc.subject motivation
dc.subject awards
dc.subject orders
dc.subject distinction
dc.subject principal-agent
dc.subject Preisverleihung
dc.subject Leistungsanreiz
dc.subject Sozialer Status
dc.subject Leistungsmotivation
dc.subject Agency Theory
dc.subject Theorie
dc.title Knight fever : towards an economics of awards
dc.type doc-type:workingPaper


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