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http://hdl.handle.net/10419/23820
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| Title: | | A Price is a signal: on intrinsic motivation and crowding-out  |
| Authors: | | Bolle, Friedel |
| Issue Date: | | 2007 |
| Series/Report no.: | | Diskussionspapiere / Europa-Universität Viadrina Frankfurt (Oder), Wirtschaftswissenschaftliche Fakultät 250 |
| Abstract: | | If a previously unpaid activity (donating blood) is paid then we often observe that this activity is reduced. In this paper, it is hypothesised that the price offered is taken as a proxy for the "market value" of the activity. Depending on how the actor valued the activity previously, crowding-out or crowding-in, as well as persistence (or not) of the effect after the abandoning of payment is implied. This "naive" explanation is confronted with Bénabou and Tirole´s (2003) priciple-agent model where the opposite signalling effect is hypothesised: a higher price is taken as an indication for a lower value. |
| Subjects: | | Intrinsic Motivation Crowding-out Signaling |
| JEL: | | H42 D64 D82 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina
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