Honours versus Money: The Economics of Awards

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Honours versus Money: The Economics of Awards - Frey, Bruno S., and Gallus, Jana
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Honours fulfil one of the most fundamental desires of human beings, namely, to be recognised and held in esteem by others. There are thousands of awards in all areas of society: the state, arts and media, sports, religion, the voluntary sector, academia, and business. Awards are well visible, can raise the recipients' intrinsic motivation and creativity, and establish a bond of loyalty to the giver. They have distinct advantages over money and other rewards. Presenting empirical evidence using modern statistical techniques ...

Honours versus Money: The Economics of Awards 2017, Oxford University Press, Oxford

ISBN-13: 9780198798507

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