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Awards as Incentives


Neckermann, Susanne; Frey, Bruno S (2008). Awards as Incentives. Working paper series / Institute for Empirical Research in Economics No. 334, University of Zurich.

Abstract

Non-monetary incentives in the form of awards have so far escaped the attention ofneconomists despite their widespread use. This paper presents an experiment conductednonline at IBM to assess the impact of these kinds of extrinsic incentives. Introducing a hypothetical award has statistically significant effects on stated contributions to a publicngood. Our design allows the estimation of the impact of different award characteristicsnrelated to, for example, how public or how valuable the award is. We illustrate thesenfindings by providing predictions about the behavior induced by a new award at IBM.

Abstract

Non-monetary incentives in the form of awards have so far escaped the attention ofneconomists despite their widespread use. This paper presents an experiment conductednonline at IBM to assess the impact of these kinds of extrinsic incentives. Introducing a hypothetical award has statistically significant effects on stated contributions to a publicngood. Our design allows the estimation of the impact of different award characteristicsnrelated to, for example, how public or how valuable the award is. We illustrate thesenfindings by providing predictions about the behavior induced by a new award at IBM.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
Dewey Decimal Classification:330 Economics
Language:English
Date:November 2008
Deposited On:29 Nov 2011 22:47
Last Modified:12 Aug 2017 13:04
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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