BACKGROUND Institutional teaching awards have been used widely in higher education since the 1970s. Nevertheless, a comprehensive review of the literature on such awards has not been published since 1997. AIM We conducted a literature review to learn as much as possible about the design (e.g., formats, selection processes) and utility (e.g., impact on individuals and institutions) of teaching...

one of the most controversial issues in international commercial arbitrations in the last two decades is enforcement of arbitral awards which have been annulled in their country/ies of issuance or in broader word in their country/ies of origin. two contradictory opinions on the matter are based on two different approaches on territorial or extraterritorial effect of nullification of arbitral aw...

IFAC Automatica Prize Paper Awards have been given since 1981, for outstanding contributions to the theory and/or practice of control engineering or control sciences, documented in a paper published in Automatica. Triennially three papers are selected for the award, in the categories of Survey, Theory/Methodology, and Applications. The funds for the three prizes are provided by the publisher of...

Awards in the form of orders, medals, decorations, prizes, and titles are ubiquitous in monarchies and republics, private organizations, and not-for-profit and profit-oriented firms. Nevertheless, this kind of nonmaterial extrinsic incentive has been given little attention in the social sciences, including psychology. The demand for awards relies on an individual’s desire for distinction, and t...

Economists traditionally focus on monetary compensation when examining incentives, but awards are of immense practical relevance as can be inferred from their prevalence in the form of state orders, decorations and prizes, according to Bruno Frey and Susanne Neckermann. Abundant but Neglected: Awards as Incentives Bruno S. Frey and Susanne Neckermann University of Zurich, Switzerland and CREMA ...

Awards are prevalent in all societies and at all times. So far, however, they have escaped the attention of economists. This paper presents a first analysis of awards, distinguishing them from purely monetary forms of rewards. Additionally, popular notions about the use and prevalence of awards are addressed with descriptive statistics from the International Who’s Who.

T study documents that the abnormal stock returns are negative before unscheduled executive option awards and positive afterward. The return pattern has intensified over time, suggesting that executives have gradually become more effective at timing awards to their advantage, and possibly explaining why the results in this study differ from those in past studies. Moreover, I document that the p...

When punitive damage awards create publicity, this could affect the behavior of uncompensated victims, which has implications for the optimal punitive damage multiplier. A new adjusted multiplier is derived that incorporates publicity into the analytical framework. Assuming that all victims receive uniform punitive awards, the result is a lower punitive multiplier relative to the standard resul...