Klaus M. Schmidt

Klaus M. Schmidt is Professor of Economics at Ludwig Maximilian University of Munich (LMU), specializing in behavioral economics, game theory, and contract theory. His research bridges theoretical frameworks with applied policy analysis, particularly in environmental economics and industrial organization.

Schmidt's work explores:

• Behavioral mechanisms in economic decision-making
• Contract design under uncertainty
• Environmental policy effectiveness
• Market design innovations
• Government-business relationships

Recent publications demonstrate strong focus on climate policy instruments, state intervention economics, and consumer-driven pricing models.

Honors include the prestigious Gossen Prize (2001) for contributions to game theory and contract theory, and membership on the council for the Lindau Nobel Laureate Meetings.