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Title:Awards as signals PDF Logo
Authors:Frey, Bruno S.
Neckermann, Susanne
Issue Date:2010
Series/Report no.:CESifo working paper: Public Choice 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.
Subjects:awards
signals
status
anonymity
globalization
JEL:A13
D63
J33
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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