Stephen Martin is Professor of Economics at the Krannert School of Management, Purdue University. From July 2002 through July 2005 he was Faculty Director of the Technology Transfer Initiative at the Burton D. Morgan Center for Entrepreneurship, continuing until May 2006 with the Innovation Realization Laboratory. From August 2005-August 2008, he was Chairman of the Economics Policy Committee. From January 2000 through the end of June 2002, he was Professor of Industrial Organization at the Faculty of Economics and Econometrics, University of Amsterdam (and from September 2000 to December 2001, Chairman of the Department of Finance & Organization). From September 1995 through December 31, 1999 he was Director of the Centre for Industrial Economics at the Universit of Copenhagen. From August 1996 through December 2004, he was co-Managing Editor of the International Journal of Industrial Organization. He was Professor at the European University Institute for 7 years, serving as Head of Department for 3 years. He was successively Assistant, Associate, and Full Professor at Michigan State University, having previously taken his Ph.D. in economics at M.I.T. after surviving 3 years in the U.S. Army. His first university degree was in mathematics from Michigan State University. His research interests include all areas of industrial economics, on which he has published widely, with current emphasis on comparative (U.S. and EU) competition policy and the impact of state aid on market performance. He has taught graduate and undergraduate courses in industrial economics, and supervised 22 Ph.D. dissertations to completion.