German Business Award of the Joachim Herz Foundation

The German Business Prize has been awarded every two years since 2016 for outstanding research in economics. With this award, we promote interdisciplinary methods and approaches in economics and encourage established researchers and young academics to broaden their perspectives and develop innovative solutions.

Preisverleihung an Prof. Andreas Löschel, Preisträger "Bestes Forschungswerk eines etablierten Wissenschaftlers", 2022
Katharina Fegebank (left), Second Mayor of Hamburg, with scientist and award winner Andreas Löschel (center) and Dr. Nina Lemmens (right), former Executive Director of the Joachim Herz Foundation

What is the prize awarded for?

The prize is awarded to excellent researchers and research work:

  • Best research work by an established scientist, endowed with 150,000 euros.
  • Best contributions by young scientists, endowed with 25,000 euros (1st place), 15,000 euros (2nd place) and 10,000 euros (3rd place).

Established scientists are nominated and selected by the jury. Young scientists can apply for the prize with their research work. The jury will select the best submissions.


Junior scientists:inside who apply must submit the following documents:

  • Scientific contribution
  • Generally understandable abstract
  • CVs of the authors

At the moment there is no call for applications.

Laureate 2022

Environmental economist Andreas Löschel

Andreas Löschel © Katja Marquard
Andreas Löschel © Katja Marquard

The German Business Award 2022 went to Prof. Dr. Andreas Löschel. The Bochum-based researcher was honored for his work on the economic consequences of climate change.

Prof. Dr. Andreas Löschel received his doctorate from the University of Mannheim in 2003 and his habilitation in economics from the University of Oldenburg in 2009. Since 2021, he has held the Chair of Environmental/Resource Economics and Sustainability at Ruhr University Bochum.

One focus of his research is the analysis of economic impacts of environmental and energy policy measures with complex simulation models. In current projects, he uses methods of experimental economic research that shed light on individual decisions. One important contribution of this research: fairness is a crucial criterion if people are to voluntarily contribute to the climate costs they generate. More than almost any other scientist, he has made and shaped environmental economics research in Germany.

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Best contributions from young scientists 2022

1st place: Dr. Andreas Gerster (University of Mannheim) and Stefan Lamp, PhD (University Carlos III Madrid)

Preisträger: Dr. Andreas Gerster (Foto: Sven Lorenz) und Stefan Lamp, PhD
Dr. Andreas Gerster (Photo: Sven Lorenz) and Stefan Lamp, PhD

Research Topic: Energy Tax Exemptions and Industrial Production

In their paper, the two researchers analyze how an exemption from energy taxes (EEG levy) affects energy consumption, sales, employment and exports of the companies concerned. With their work, they make an important contribution to making this policy measure environmentally sound.

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2nd place: Björn Bos (University of Hamburg)

2. Platz: Björn Bos
Björn Bos © Alexander Demandt

Research Topic: Illuminating the Compliance Gap of Fishing Bans

In his paper, Björn Bos uses radar data and satellite imagery of light emissions to investigate the extent to which fishermen in selected regions comply with time-limited fishing bans. What is innovative about this approach is that Bos combines different spatial data sources to precisely answer an environmental economics research question.

3rd place: Jiaxin Zhao (University of Oxford) and Jun.-Prof. Dr. Linus Mattauch (Technical University of Berlin)

Jun.-Prof. Dr. Linus Mattauch und Jiaxin Zhaon
Jun.-Prof. Dr. Linus Mattauch (photo © and Jiaxin Zhaon (photo © Yang, Rhodes Trust)

Research Topic: When Standards have better Distributional Consequences than Carbon Taxes

In their paper, Zhao and Mattauch explore which climate protection measures are particularly effective and which criteria they fulfill with regard to equity, since the aspect of equity has a direct influence on political implementability. In this way, they show which climate protection measures may have a high level of support but a lower impact than others.


Dr. Jan Brosse
Project Leader Dr. Jan Brosse +49 40 533295-39

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