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Nobel Prizes and Laureates

Nobel Prizes and Laureates

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2014
Jean Tirole

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Jean Tirole - Facts

Jean Tirole

Jean Tirole

Born: 9 August 1953, Troyes, France

Affiliation at the time of the award: Toulouse School of Economics (TSE), Toulouse, France

Prize motivation: "for his analysis of market power and regulation"

Field: industrial organization, microeconomics

Prize share: 1/1

Analysed Market Power and Regulation

If markets dominated by a small number of companies are left unregulated, society often suffers negative consequences. Prices can become unjustifiably high and new companies can be prevented from entering the market. Since the mid-1980s, Jean Tirole has worked to develop a coherent theory, for example showing that regulation should be adapted to suit specific conditions in each industry. Based on game theory and other theories, Tirole has also suggested a framework for designing regulations and has applied it to a number of industries, from banking to telecommunications.

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MLA style: "Jean Tirole - Facts". Nobelprize.org. Nobel Media AB 2014. Web. 30 May 2016. <http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2014/tirole-facts.html>

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