Short Bio

Klaus M. Schmidt (b. 1961) is full professor of economics at the Ludwig-Maximilians-University in Munich since 1995. He studied economics and political science and did his PhD in economics at the London School of Economics and the University of Bonn in 1991 and his habilitation (post-doctoral degree) at the University of Bonn in 1995. He was a visiting professor at the Massachussets Institute of Technology, Stanford University, Yale University, the University of California at Berkeley, Harvard University (2x), and Humboldt University Berlin.

His main fields of research are game theory, contract theory, and behavioral and experimental economics with applications to industrial organization, organizational economics, finance, political economy and climate policy. His work has been published in top international journals, including the American Economic Review, Econometrica, the Quarterly Journal of Economics and the Review of Economic Studies.

Klaus Schmidt received the Gossen Price of the German Economic Association and the Research Price of the Berlin-Brandenburg Academy of Sciences. He is (or was) co-editor or associate editor of the Review of Economic Studies, the Journal of European Economic Association, the RAND Journal, the European Economic Review and Management Science. He is a fellow of the Econometric Society and the European Economic Association, a member of the Berlin-Brandenburg Academy of Sciences, and a fellow of the CESifo and CEPR research networks. He is also a member and former chairman of the Scientific Council of the Federal Ministry of Economic Affairs and Climate Action in Germany and he is scientific organizer of the Lindau Nobel Laureate Meetings on Economic Sciences.

Klaus Schmidt is president of Verein für Socialpolitik (German Economic Association) since January 2025.