K
Klaus M. Schmidt
Researcher at Ludwig Maximilian University of Munich
Publications - 158
Citations - 22057
Klaus M. Schmidt is an academic researcher from Ludwig Maximilian University of Munich. The author has contributed to research in topics: Inequity aversion & Competition (economics). The author has an hindex of 50, co-authored 153 publications receiving 20687 citations. Previous affiliations of Klaus M. Schmidt include Economic Policy Institute & Massachusetts Institute of Technology.
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Male-sterile plant of the genus Triticum
TL;DR: The vorliegende Erfindung betrifft eine mannlich sterile Pflanze der Gattung Triticum, deren samtliche Allele des fur tapetal development and function (TDF) codierenden Gens inaktiviert sind, und Teile, Samen und Nachkommen davon, sowie Nukleinsauren, Vektoren und transgene Pflanz, Verfahren zur Herstellung von
Loss Aversion and Ex Post Inefficient Renegotiation
Fabian Herweg,Klaus M. Schmidt +1 more
TL;DR: In this article, the authors propose a theory of ex post inefficient renegotiation that is based on loss aversion and show that loss aversion makes the renegotiated outcome sticky and materially inefficient.
Posted ContentDOI
Use and Abuse of Authority
TL;DR: The authors showed that selfish principals exploit agents in one-shot interactions, inducing them to resist entering into employment contracts, but this resistance to employment contracts vanishes if fairness preferences in combination with reputation opportunities keep principals from abusing their power, leading to the widespread, endogenous formation of efficient long run employment relations.
Posted ContentDOI
The Role of Equality and Equity in Social Preferences
TL;DR: For example, the authors found that for non-economists the preference for efficiency is much less pronounced than for economists, and that women are more egalitarian than men in the dictator game.