Thomas P. Gehrig is a Professor of Finance at the University of Vienna. After studying economics at the universities of Frankfurt, Bonn and Berkeley he completed his Ph.D. at LSE. Prior to his current appointment he held academic positions at the University of Basel, the Kellogg Graduate School of Management at Northwestern University and the University of Freiburg. He is a Research Fellow of CEPR (London), ECGI (Brussels), SRC (LSE) and a member of the market structure research group of NBER. He numerous visiting and ajdunct appointments at numerous academic institutions including CEMFI (Madrid), Institut d'Analisi Economica CSIC (Barcelona), Tilburg University, ULB Brussels, Hanken School of Economics (Helsinki), Rice University, Federal Reserve Bank of Minneapolis, London School of Economics, Wharton School in Philadelphia, Collegio Carlo Alberto (Moncalieri), University of Strasbourg, SOAS, London. His research interests are market microstructure, information acquisition in incomplete markets, financial intermediation, financial geography and banking competition. His research is published in leading academic journals such as European Economic Review, International Journal of Industrial Organization, Journal of Financial Economics, Journal of Economic Theory, Journal of Economic & Management Strategy, Journal of Financial Markets, Scandinavian Journal of Economics and Review of Finance among others.