Klaus M. Schmidt (born 16 June 1961)[1] is a Germaneconomist who currently works as Professor of Economics at theUniversity of Munich (LMU).[2] His research focuses onbehavioural economics,game theory andcontract theory.[3] In 2001, Schmidt was awarded theGossen Prize in recognition for his contributions to economic research on game theory, contract theory, and the economics of fairness.[4] He is a member of the council for theLindau Nobel Laureate Meetings.[5]
Klaus Schmidt has studied at theUniversity of Hamburg and at theUniversity of Bonn. He completed his doctoral program at the University of Bonn in 1991. Since hishabilitation in 1995, he has been working as a professor of economics at theUniversity of Munich. He has held visiting appointments atHarvard University,University of California, Berkeley,MIT,Stanford University andYale University.[6]
The research interests of Klaus Schmidt includecontract theory,game theory,behavioural economics,experimental economics,industrial organization,competition policy,privatization,auction theory,venture capital, andpolitical economy.[7] In his research, he has frequently collaborated withErnst Fehr. According toIDEAS/RePEc, Schmidt belongs to the top 1% of economists as ranked by research output.[8]
thesis, submitted to the Faculty of Law and Economics at the University of Bonn,October 1994
dissertation, submitted to the Faculty of Law and Economics at the University of Bonn,July 1991.
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