Professor Dr. Bernd Schmidt – Education, Work, Legacy

Germany, as a region and as a country, has had no short supply of great men throughout history. From Huns to medieval scholars and poets to modern engineers and philosophers, it is a fertile land that has set the highest standards for qualifications and excellence. Due to the towering figures in the past and present, it has become extremely difficult for people to break through the ranks. Yet, some manage to do that. Among them is Dr. Bernd Schmidt who has left a lasting mark on the industrial policy and regulation landscape of the country.

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Overview

It was no accident that the distinguished professor became a beacon of interest to the academic and industrial sectors of Germany. He has spent years of his life making priceless contributions to German industry and the commercial sector. One of the major highlights of his career is teaching people the mechanics and dynamics of industries in the modern world. 

Education

As with any other influential personality, Dr. Schmidt received his doctorate from the University of Bonn, Germany. The major subject and field of research was Economics and his lifelong affair with the discipline continued. His area of interest includes workings of the industries, both small and large, pricing, and integration of innovation on both horizontal and vertical ends.

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Mentorship

Dr. Schmidt became an associate professor at the University of Munich, Germany shortly after receiving his Ph.D. Later on, in 2002, he became a full professor that highlighted his influence and innovative approach toward academic and practical knowledge of his field. That’s why he was appointed as the Chair of Industrial Organization and Regulation at the University of Mannheim in 2009. It is a premier seat of learning in the country with in-depth association with the academia and industrial complex of Germany.

Research

Throughout his academic life, he has focused on a variety of fields that helped him solidify his position as the top authority in the nation. The field of industrial organization and regulation issues caught his eye and he made notable contributions. These include vertical integration, mergers of businesses, discrimination in pricing, and so on. In addition to this, he had a lasting influence on the structure and composition of independent regulatory bodies, both in the country and abroad. That’s why his work has been featured in some of the most distinguished publications around the world, such as the American Economic Review, the Journal of Political Economy, and the Review of Economic Studies.

Apart from academic endeavors, he had a key part in economic policy development and decision-making for government organizations and international agencies. In this realm, his focus was on competition policies and regulatory issues. 

Awards & Accolades

Perhaps the most notable award and accolade that Dr. Schmidt received was the Schumpeter Prize for Research in Innovation and Competition in 2006. The European Commission and the World Bank have honored the good professor with honorary positions throughout his career. Also, he is a member and fellow of the German National Academy of Sciences Leopoldina and the Econometric Society, respectively.

Legacy

Dr. Schmidt spent his whole life teaching others the intricate dynamics of market operations and how to make them efficient and effective for the sake of better growth. As a professor and as researcher, he had hardly faced any competition in his entire career.

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