research10.1027/0044-3409.216.4.198

Awards: a view from psychological economics

Abstract

Awards in the form of orders, decorations, prizes, and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit, and profit-oriented firms. This paper argues that awards present a unique combination of different stimuli and that they are distinct and unlike other monetary and non-monetary rewards. Despite their relevance in all areas of life awards have not received much scientific attention. Employing a unique data set, we demonstrate that there are substantial differences in the intensity of usage of awards across countries. Moreover, we present results on a vignette experiment that quantifies and isolates the effects of different award characteristics such as the publicity associated with winning an award

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10464oai:www.zora.uzh.ch:10464
Last time updated on July 9, 2013View original full text link

This paper was published in ZORA.

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