Dr. Stefanie Schmitt

stefanie.schmitt(at)uni-bamberg.de

Otto-Friedrich-Universität Bamberg
Feldkirchenstraße 21
Bamberg, Deutschland

Raum:   F21/02.39
Telefon: 0951/863 2684
 

2019  Dr. rer. pol., Otto-Friedrich Universität Bamberg

2013  M.Sc., European Economic Studies, Otto-Friedrich Universität Bamberg

2011  B.A., Philosophy & Economics, Universität Bayreuth

Industrieökonomik, Umweltökonomik, Verhaltensökonomik

Awards vs. Labels: Incentivizing Investments in Environmental Quality (with Lisa Heidelmeier)

Although consumers often care about environmental quality, limited attention impairs consumers’ perception of environmental quality. Environmental awards and labels make environmental quality salient and attract consumers’ attention. We analyze how awards and labels affect firms’ investments in environmental quality and social welfare. We show that, with an award, all firms invest in environmental quality; with a label, only one firm invests. In general, investments are weakly increasing in salience. A welfare-maximizing regulator prefers awards over labels if and only if marginal damage is sufficiently high or salience is sufficiently low. In addition, we identify a range of situations where awards, respectively labels, outperform emission taxes.

Current version(2.0 MB)

Older Working Paper version: BERG - Working Paper Series No. 206.

Schmitt, S. Y. (forthcoming): “Competition With Limited Attention to Quality Differences,” The Journal of Industrial Economics, DOI: https://doi.org/10.1111/joie.70007.

Schmitt, S.Y.; Bruckner, D. (2023): "Unaware consumers and disclosure of deficiencies," Games and Economic Behavior, 142, pp. 1018-1042, DOI: https://doi.org/10.1016/j.geb.2023.10.012.

Saur, M.P.; Schlatterer, M.G.; Schmitt, S.Y. (2022): "Limited perception and price discrimination in a model of horizontal product differentiation," Games and Economic Behavior, 134, pp. 151-168, DOI: https://doi.org/10.1016/j.geb.2022.04.002.

Schmitt, S. Y.; Schlatterer M. G. (2021): "Poverty and limited attention," Economics and Human Biology, 41, DOI: https://doi.org/10.1016/j.ehb.2021.100987.

Heidelmeier, L. and S. Y. Schmitt (2025), Awards vs. Labels: Incentivizing Investments in Environmental Quality, BERG - Working Paper Series No. 206.

Schmitt, S.Y. (2025), Investments in environmental quality under limited attention, BERG - Working Paper Series No. 202.

Rozzi, R. and S. Y. Schmitt (2024), Vertical product differentiation, prominence, and costly search, BERG - Working Paper Series No. 190.

Schmitt, S.Y. (2016), Rational Allocation of Attention in Decision-Making, BERG - Working Paper Series No. 114.

Fighting over environmental salience, mit Stephan Eitel.

Better research sabbatical, Otto-Friedrich-Universität Bamberg, 2025, 5 000 Euro.

Joachim Herz Add-on Fellowship for Interdisciplinary Economics and Interdisciplinary Business Administration, 2023-2026, 12 500 Euro.

Preis für gute Lehre des Instituts für Volkswirtschaftslehre, "Advanced Microeconomics," Otto-Friedrich-Universität Bamberg, 2020.

BGPE (Bavarian Graduate Program in Economics) Doctoral Student Status, 2015-2017, 2 000 Euro.