BRUNI, Luigino, Vittorio PELLIGRA, Tommaso REGGIANI and Matteo RIZZOLLI. The Pied Piper: Prizes, Incentives, and Motivation Crowding-in. Journal of Business Ethics. Springer, 2020, vol. 166, No 3, p. 643-658. ISSN 0167-4544. Available from: https://dx.doi.org/10.1007/s10551-019-04154-3.
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Basic 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
Original language English
Type of outcome Article in a journal
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Netherlands
Confidentiality degree is not subject to a state or trade secret
WWW URL
Impact factor Impact factor: 6.430
RIV identification code RIV/00216224:14560/20:00115042
Organization unit Faculty of Economics and Administration
Doi http://dx.doi.org/10.1007/s10551-019-04154-3
UT WoS 000574478600012
Keywords in English Incentives; prizes; awards; crowding-in; meaning; intrinsic motivation
Tags International impact, Reviewed
Changed by Changed by: Mgr. Pavlína Kurková, učo 368752. Changed: 12/12/2022 15:28.
Abstract
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.
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