Prizes versus wages with envy and pride

Pradeep Dubey, John Geanakoplos, Ori Haimanko

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


We show that if agents are risk-neutral, prizes outperform wages if and only if there is sufficient pride and envy relative to the noisiness of performance. If agents are risk-averse, prizes are a necessary supplement to wages (as bonuses).

Original languageEnglish
Pages (from-to)98-121
Number of pages24
JournalJapanese Economic Review
Issue number1
StatePublished - 1 Mar 2013

ASJC Scopus subject areas

  • Economics and Econometrics


Dive into the research topics of 'Prizes versus wages with envy and pride'. Together they form a unique fingerprint.

Cite this