Detailed Information on Publication Record
2020
The Pied Piper: Prizes, Incentives, and Motivation Crowding-in
BRUNI, Luigino, Vittorio PELLIGRA, Tommaso REGGIANI and Matteo RIZZOLLIBasic information
Original name
The Pied Piper: Prizes, Incentives, and Motivation Crowding-in
Authors
BRUNI, Luigino (380 Italy), Vittorio PELLIGRA (380 Italy), Tommaso REGGIANI (380 Italy, guarantor, belonging to the institution) and Matteo RIZZOLLI (380 Italy)
Edition
Journal of Business Ethics, Springer, 2020, 0167-4544
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50202 Applied Economics, Econometrics
Country of publisher
Netherlands
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Impact factor
Impact factor: 6.430
RIV identification code
RIV/00216224:14560/20:00115042
Organization unit
Faculty of Economics and Administration
UT WoS
000574478600012
Keywords in English
Incentives; prizes; awards; crowding-in; meaning; intrinsic motivation
Tags
International impact, Reviewed
Změněno: 12/12/2022 15:28, Mgr. Pavlína Kurková
Abstract
V originále
In mainstream business and economics, prizes such as the Presidential Medal of Freedom are understood as special types of incentives, with the peculiar features of being awarded in public, and of having largely symbolic value. Informed by both historical considerations and philosophical instances, our study defines fundamental theoretical differences between incentives and prizes. The conceptual factors highlighted by our analytical framework are then tested through a laboratory experiment. The experimental exercise aims to analyze how prizes and incentives impact actual individuals’ behavior differently. Our results show that both incentives (monetary and contingent) and prizes (non-monetary and discretional rewards) boost motivation to perform if awarded publicly, but only prizes crowd-in motivation promoting virtuous attitude.