Christian Schultz

Christian Schultz

Head of Department, Professor, Professor

Member of:

     Born June 17, 1957 in Copenhagen, Denmark


    University of Copenhagen, M.A. in Economics (Cand.polit) 1984, University of Copenhagen, Ph.D. in Economics, 1989 , (thesis title: Unemployment in market economies, supervised by Birgit Grodal)


    Present position: 
    Professor of Economics, Department of Economics, University of Copenhagen, 1995 –


    Previous positions:

    Department Head, Department of Economics, University of Copenhagen, 2010-2023

    Associate Professor, Institute of Economics, University of Copenhagen, 1989-95

    Post Doctoral Fellow, Institute of Economics, University of Copenhagen, 1987-89

    Ph.D. student, Institute of Economics, University of Copenhagen, 1984-87


    Other affiliations

    Member of Centre for Industrial Economics, 1996-2013. (Director  2000-2008)

    Associate member of Economic Policy Research Unit, 1998-

    Research fellow in CES-ifo Research Network, 1999-.


    Research management

    Head of the Starprogramme, Economic Policy in the Modern Welfare State, University of Copenhagen, 2008-2012

    Director of the Centre for Industrial Economics, 2000-2008

    Editor Scandinavian Journal of Economics, 2000-2005

    Chairman of the board of the research centre, Centre for Economic and Business Research, 2005-2009

    Chairman of the board, FORA, 2003-2004

    Competition council

    Chair, the Danish Competition Council, 2012–

    Co-Chair, the Danish Competition Council, 2005 –2011

    Member of the Danish Competition Council, 2001 –


    Nationalbanken repræsentantskab og bestyrelse, Danish Central Bank's board of directors and committee of directors

    Chairman Committee of Directors, Danish Central Bank, 2018-

    (member since 2017)

    Chairman Board of Directors, Danish Central Bank, 2018- 

    (member since 2014, co-chair 2015-2018)

    Advisory committees 

    Member of The Danish Prime Minister's Advisory Board for the Faroe Islands, 1998-2002

    Member of Revisorkommissionen, (The Danish Audit Commission) 2009-2016


    Board positions

    Chairman of the board, Centre for Economic and Business Research, 2005-2009

    Chairman of the board, FORA, 2003-2004

    Member of the board "Lønmodtagernes Dyrtidsfond", (Danish Workers’ Pension Fund) 1998-2013.

    Chairman of the board Housing Foundation Copenhagen 2021-

    University Administration

    Department Head, Department of Economics, Uni of Cph, March 2010-

    Acting Head of Department, Department of Economics, Uni of Cph , Oct 2009-March 2010

    Deputy Head of Department, Department of Economics, Uni of Cph, 2008-2009

    Director of Ph.D. studies at the Department of Economics, Uni of Cph, 1994-2008

    Member of the board of the Department of Economics, Uni of Cph, 2004-2008

    Director of the Danish Graduate Programme in Economics, 1997-2005

    Member of the board of the Nordic Network in Economics, 2003-2008

    Member of the Study board at the Institute of Economics, Uni of Cph, 1989-1992

    Member of the external steering group for Department of Administration, University of Greenland, Oct 2009-March 2010


    Visiting positions:

    Visiting Scholar, Department of Economics, University of California, Davis, 1986 
    Visiting Scholar, Department of Economics, Harvard University, 1992-93 
    Visiting Professor, Copenhagen Business School, 1995


    Major Fields of Interest:

    Political Economy

    Industrial Organization

    Market regulation and incentives


    Editorial work:

    Editor, Scandinavian Journal of Economics, 2000-2005

    Associate Editor Scandinavian Journal of Economics, 1996- 2000, 2005-

    Member of the Panel of Economic Policy, 2007-2008

    Associate Editor The Manchester School, 1997-



    American Economic Review, American Political Science Review, Canadian Journal of Economics, Economics Letters, European Economic Review, European Journal of Political Economy, Games and Economic Behavior, International Economic Review, Journal of Economic Behavior and Organization, Journal of Industrial Economics, International Journal of Industrial Organization, Journal of Economics and Management Strategy; Journal of Public Economics, Journal of Public Economic Theory, The Manchester School, Nationaløkonomisk Tidsskrift, Oxford Economic Papers, RAND Journal, Review of Economic Studies, Scandinavian Journal of Economics, Resource and Energy Economics, Labor Economics, Journal of Economic Theory, Economics of Governance, Journal of European Economic Association.



    Political Economy, Industrial Organization, Game theory, Macroeconomics, Microeconomics.

    External Lecturer, Copenhagen Business School, Copenhagen 1999-2005

    External Lecturer, Royal Danish Agricultural University, 1994-1998

    2003 Winner of the “Invisible Hand”, “The Invisible Hand Award is awarded to a lecturer at the Institute of Economics at University of Copenhagen who has shown an outstanding teaching performance”



    7Ph.D.  (Karsten Staehr, Norges Bank’s forskningsafdeling), Trine Filges (SFI), Claes Bengtsson (DG Comp, Chief Economists Office), David Dreyer Lassen (Professor, Økonomisk Institut, København), Michala Ehlers (Danish Competition Authority), Frederik Silbye (DONG), Mie la Cour Sonne (Copenhagen Economics) and numerous (100+) masters students


    External Examiner: University of Aarhus, University of Odense


    Appointment committees:

    University of Aarhus, University of Odense, Copenhagen Business School, Royal Danish Agricultural University, University of Lund, Stockholm School of Economics, University of Helsinki, University of Tampere, University of Turko, University of Copenhagen, University of Birmingham, University of Alicante, University of Uppsala, University of Stockholm, University of Turko, University of Oslo, Aachen University, Fróðskaparsetur Føroya/University of the Faroe Islands


    Program committee work:

    Member of the Program Committee: ESEM Toulouse 1997, EEA Berlin 1998. EEA Santiago de Compostella 1999, EEA Lausanne 2001, EPCS Aarhus 2003, and EARIE Helsinki 2003, NORIO V, Reyklavik, 2005, EARIE, Amsterdam 2006, EARIE 2012, EARIE 2013, EARIE 2014,  EARIE 2015


    Research evaluation


    Evaluator for Norges Forskningsråd, Young Researcher Star-Programme 2005

    Evaluator for the Finnish Research Council, 2006

    Panel evaluator, European Research Council, 2007

    Member of the expert committee evaluating the Department of Economics and the Department of Socio-Economics, University of Zürich, 2007

    Member of the nomination committee for Assar Lindbeck Medaljen, which is given to the best Swedish Academic Economist below 45, 2007, 2009

    Member of evaluation committee (Ledamot) Riksbankens Jubilæumsfond, Stockholm, Sweden, 2010-2011

    Member of evaluation committee, Evaluating the teaching of Economics in Sweden for Swedish National Agency for Higher Education, 2011.

    Member of evaluation committee, Hanken School of Business, Helsinki, Finland Nov 2012

    Member of evaluation committee, Social Sciences, European Science Foundation, December 2012

    Member of evaluation committee, Social Sciences, European Science Foundation, 2013

    Member of panel in social sciences European Science Foundation, evaluation  for the Portugeese Foundation for Science and Technology (FCT). Evaluation of R&D Units 2013-2014



    Conference presentations:

    Econometric Society European Meetings: Bologna 1988, München 1989, Cambridge 1991, Maastrict 1994,

    Econometric Society European Winter Meeting, Sandbjerg 1989.

    Econometric Society World Meetings: Barcelona 1990, Tokyo 1995, Seattle 2000, London 2005.

    European Economic Association Conferences, Bologna 1988, Augsburg 1989, Lisbon 1990, Cambridge 1991, Istanbul 1996, Toulouse, 1997, Berlin 1998, Santiago de Compostella 1999, Lausanne 2001, Venice 2002, Stockholm 2003, Madrid 2004, Barcelona 2009.

    Public Economic Theory Conference, Duke University 2004, Hanoi, 2006

    Econometric Society European Winter Meeting, Sandbjerg 1988

    Econometric Society Winter Meeting Anaheim, California, USA 1993

    Conference on Macroeconomics and the Labor Market, Oslo 1989.

    Nordic economics conference, “Marstrandmødet”,1989

    Warwick Summer Workshop on the New Macroeconomics, 1993.

    International Conference on Recent Developments in the Macroeconomics of Imperfect Competition, Paris 1994.

    Stony Brook Game Theory Conference, 1994

    CEPR European Summer Symposium in Macroeconomics, Tarragona 1994.

    1st International Conference on Economic Theory, Alternative Approaches to Macroeconomics, Madrid 1994, 

    3rd International Conference on Economic Theory., Santiago de Compostella 1996

    Research network TM2 conference on macroeconomics, Paris 1996

    Asset conference, Alicante, 1996, Rethymion 2002

    Instability, Inefficiency, and Public Policy: Lessons from Dynamic General Equilibrium Models", Paris 1999.

    "Macroeconomics", Toulouse 1999

    “XII conference on Game Theory and Applications”, Bologna 1999

    "European Public Choice Conference" Sienna, 2000

    Yrjo Jansson workshop on industrial economics, 2002

    EARIE, Helsinki 2003

    Norio IV, Copenhagen, 2004, Norio V, Reyklavik, 2005

    Association for Competition Economics Conference, Copenhagen 2005

    American Economic Association Conference, Boston 2005

    CEPR, European Summer Symposium in Economic Theory, Gerzensee, 2007





    Seminar presentations:

    University of Alicante, University of Amsterdam, University of Bergen, University of Bologna, University of California, Davis, Essex University, Harvard University, Lund University, Stockholm School of Economics, Delta, Paris, University de Cergy-Pontoise, Paris, Universite Catholique de Louvain, Queen Mary College, CentER Tilburg, IGIER, Boconni University, Milan, Aarhus University, KVL, Copenhagen,  Copenhagen Business School, IIES, University of Stockholm, Université de Toulouse, Oslo University, Penn State University, IUI Stockholm, Erasmus University, Rotterdam, Universität Heidelberg, Tel Aviv University, Warwick University, Aarhus Business School, Göteborg University, University of Helsinki, Yale University, Purdue, University of Illinois, Bloomington, Wissenschaftscentrum Berlin, INSEAD, University of East Anglia, Norwich, Carlos III, Madrid, Institut d’Analisi Economica, Barcelona




    Publications Christian Schultz



    Refereed Journals



    1. " A Macro Model of Conjectural Equilibrium, Scandinavian-Journal-of-Economics; 88(3), 1986, pages 489-509, with H.J. Jacobsen.
    2. ''On the Existence of Conjectural Equilibria with a priori Chosen Rationing Patterns'', European Economic Review, 31, 1987 (with H.J.Jacobsen).
    3. ''A General Equilibrium Macro Model with Wage Bargaining'', Scandinavian Journal of Economics, vol 92, no 3, 1990 (with H.J. Jacobsen)
    4. ''Undominated Wage Rates in a Unionized Overlapping Generations Economy'', European Economic Review, 1991 (with H.J. Jacobsen)
    5. ''The Impossibility of Involuntary Unemployment in an Overlapping Generations Model with Rational Expectations'', Journal of Economic Theory, vol 58, 1992
    6. ''Wage Setting and Stabilization Policy in a Game with Renegotiation'', Oxford Economic Papers, vol 44, 1992 (with J. Driffill)
    7. ''Decreasing Unemployment Increases Welfare'', Scandinavian Journal of Economics, vol 94, no3, 1992 (with H.J. Jacobsen)
    8. 11. ''The Effectiveness of Economic Policy in a General Equilibrium Model with Wage Bargaining and Rational Expectations'', European Economic Review, vol 38, no 2, 1994, with H.J. Jacobsen
    9. ''A Note on Strongly Renegotiation Proof Equilibria'', Games and Economic Behavior, vol 6, 1994
    10. ''Renegotiation in Repeated Cournot Duopoly'', Economics Letters, vol 47, 1995. (with J. Driffill)
    11. ''Optimal Labor Contracts may exhibit Wage Fluctuations due to Wage Discrimination'', l'Annales d'Economie et de Statistique, vol 37/37, 1995. (with H.J.Jacobsen)
    12. ''The Politics of Persuasion when Voters are Rational'', Scandinavian Journal of Economics, 97, 3, 1995.
    13. ''Polarization and Inefficient Policies", Review of Economic Studies, 63, 331-344, 1996
    14. ''Announcements and Credibility of Monetary Policy'', Oxford Economic Papers, 48, 673-680, 1996
    15. ''Wages and Employments in a Repeated Game with Revenue Fluctuations'', European Economic Review, 41, 147-162, 1997.
    16. "One Cow, One Vote", Scandinavian Journal of Economics, 99(4), 597-615, 1997 (with Svend Albæk)
    17. "On the relative advantage of cooperatives", Economics Letters, 59, 397-401, 1998 (with Svend Albaek)
    18. ''Limit pricing when incumbents have conflicting interests'', International Journal of Industrial Organization, 1999
    19. "Monetary Policy, Delegation and Polarization", Economic Journal, 1999
    20. "Local Public Goods, Debt and Migration", (with Tomas Sjöström), Journal of Public Economics, 2001
    21. “Policy Biases with voters’ uncertainty about the economy and the government”, European Economic Review, 2002
    22. “Export Cartels and Domestic Markets”, Journal of Industry Competition and Trade 2002
    23. "Price or Quantity in Tacit Collusion",  with Luca Lambertini, Economics Letters 78, 2003, 131-137,
    24. "Market Transparency and Product Differentiation", Economics Letters 2004, 173-178
    25. "Public Debt, Migration and Shortsighted Politicians" 2004, (with Tomas Sjostrom) , Journal of Public Economic Theory, 2004, 6(5), 655-674 
    26. "Adaptive Contracting: The Trial and Error Approach to Outsourcing", with Morten Bennedsen, Economic Theory, 25(1), 2005, 35-50
    27. "Transparency on the Consumer Side and Tacit Collusion",  European Economic Review, 49, 279-297, 2005
    28. "Public Funding of Political Parties", with Ignacio Ortuno Ortin, Journal of Public Economic Theory, 2005
    29. “Strategic Campaigning and Redistributive Politics”,  Economic Journal, 2007
    30. Information, Polarization and Term Length in Democracy, Journal of Public Economics, 2008
    31. Transparency and Product Differentiation”, Economics Letters, 2009
    32. Arms’ Length Delegation of Public Services”, with Morten Bennedsen, Journal of Public Economics, 2011
    33. "Consumer poaching, brand switching, and price transparency", Economics Letters, 2014




    Book-chapters and Danish journals


    1. 1.       ''A General Equilibrium View of Unemployment'', in R. Lund and P. Pedersen, eds:''Unemployment: Theory, Policy and Structure'', Walter de Gruyter and Co. Berlin, New York, 1987 (with H.J. Jacobsen)
    2. 2.       '' Imperfekt konkurrence og arbejdsloeshed'', (in danish: Imperfect Competition and Unemployment), Nationaloekonomisk Tidsskrift, 1991
    3. 3.       ''Unequal Pay for Equal Work'', Nationaloekonomisk Tidsskrift, no 3, 1992 (with H.J. Jacobsen)
    4. 4.       '' Efficiency, Enforceability and Acyclical Wages'', in Dixon, H. and N. Rankin, eds. ''The new Macroeconomics, Imperfect Markets, and Policy Effectiveness'', Cambridge University Press, 1995.
    5. "Industriøkonomi" (with Peter Mølgaard, Per Overgaard and Stephen Martin), in C. Hjort-Andersen, ed. Udviklingslinier i Økonomisk Teori, DJØF-forlag, 2000 (in Danish: ”Industrial Organization”).
    6. ”Varemærket i Økonomisk Teori”, with Per Overgaard in ”125R-Varemærkeloven 1880-2005 – et overblik”. Patent og Varemærkestyrelsen and DJØF’s forlag


    Edited books


    1. ”Institutions, Equilibria and Efficiency”, Schultz, C and K. Vind (eds.), Studies in Economic Theory 25, Springer

    Working Papers


    1.  “Public Funding of Political Parties with Informative Campaigning”, with Ignacio Ortuno-Ortin, 2009
    2. “Virtual Capacity and Competition”, 2009
    3. “Collusion in Markets with Imperfect Price Information on both Sides”, 2009
    4. "Regional Redistribution and Migration", mimeo 1999, (with Paolo Manasse).
    5. "Divide the Dollar, a Model of Interregional Redistributive Politics", mimeo 2000 (with Ignacio Ortuno Ortin).
    6. "Price vs Quantity in a Repeated Differentiated Duopoly", mimeo 2000 (with Luca Lambertini),




    Contributions to "Den Store Danske Encyklopædi", (The Danish Encyclopedia).


    Columns in the major Danish newspapers: Berlingske Tidende, Politiken, Information and Børsen.


    Reports on the Faeorese Economy 1998, 1999. (as member of the prime minister’s advisory committee on the Faeroese economy), with Arne Larsen, Bjarne Skafte and Svend Engmose



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