Michael Lechner studied economics at the University of Heidelberg (graduation 1989). Then he moved to the Economics Department of the University of Mannheim to finish his PhD in 1994 under the supervision of Professor Dr. Heinz König. Following the ‘old German model’ Michael Lechner completed the habilitation at the same place in 1996. During these times, he spent one year at the London School of Economics (1986/7) and at Harvard University (John-F. Kennedy fellow in 1994/5). Since 1998 Michael Lechner is a Professor of Econometrics in St. Gallen. He is also head of the Swiss Institute for Empirical Economic Research (SEW), which is a fine research institute of the University of St. Gallen dedicated to excellent empirical research.