Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26576 
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dc.contributor.authorFrey, Bruno S.en
dc.contributor.authorNeckermann, Susanneen
dc.date.accessioned2009-03-02-
dc.date.accessioned2009-07-28T08:48:30Z-
dc.date.available2009-07-28T08:48:30Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2531en
dc.subject.jelC93en
dc.subject.jelJ33en
dc.subject.jelM52en
dc.subject.ddc330en
dc.subject.keywordAwardsen
dc.subject.keywordmoneyen
dc.subject.keywordincentivesen
dc.subject.keywordacademiaen
dc.subject.keywordresearchen
dc.subject.stwPreisverleihungen
dc.subject.stwLeistungsanreizen
dc.subject.stwWissenschaftleren
dc.subject.stwWissenschaften
dc.subject.stwAgency Theoryen
dc.subject.stwTheorieen
dc.titleAcademics appreciate awards: a new aspect of incentives in research-
dc.typeWorking Paperen
dc.identifier.ppn592824616en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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