Paul Klemperer, born in 1956, studied engineering at Cambridge University in the United Kingdom and gained a Ph.D. in economics at Stanford University in Palo Alto, California, in 1986. He is currently Edgeworth Professor of Economics at Oxford University, member of the Oxford Institute for Economic Policy and also member of the U.K. Competition Commission. His research interests lie in industrial economics theory and policy, competition policy and microeconomic theory, especially auction theory. As an expert in industrial organization and auctions he has advised the U.S. Federal Trade Commission, the European Commission, and several other government agencies and private companies.