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dc.contributor.authorFrey, Bruno S.en_US
dc.contributor.authorNeckermann, Susanneen_US
dc.date.accessioned2009-03-02en_US
dc.date.accessioned2009-07-28T08:48:30Z-
dc.date.available2009-07-28T08:48:30Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/26576-
dc.description.abstractThis paper analyzes awards as a means of motivation prevalent in the scientific community, but so far neglected in the economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than performance pay to reward scientific tasks, which are typically of a vague nature. They derive their value, for instance, from signaling research talent to outsiders. Awards should therefore be taken seriously as a means of motivating research that may complement, or even substitute for, monetary incentives. While we discuss awards in the context of academia, our conclusions apply to other principal-agent settings as well.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2531en_US
dc.subject.jelC93en_US
dc.subject.jelJ33en_US
dc.subject.jelM52en_US
dc.subject.ddc330en_US
dc.subject.keywordAwardsen_US
dc.subject.keywordmoneyen_US
dc.subject.keywordincentivesen_US
dc.subject.keywordacademiaen_US
dc.subject.keywordresearchen_US
dc.subject.stwPreisverleihungen_US
dc.subject.stwLeistungsanreizen_US
dc.subject.stwWissenschaftleren_US
dc.subject.stwWissenschaften_US
dc.subject.stwAgency Theoryen_US
dc.subject.stwTheorieen_US
dc.titleAcademics appreciate awards: a new aspect of incentives in researchen_US
dc.typeWorking Paperen_US
dc.identifier.ppn592824616en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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