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Jean Tirole wins Nobel Prize for economics for research on market regulation

Oct 13, 2014    

Stockholm French economist Jean Tirole won the Nobel prize for economics today for research on market power and regulation. The Royal Swedish Academy of Sciences cited Tirole for clarifying "how to understand and regulate industries with a few powerful firms."Tirole, 61, works at the Toulouse School of Economics in France."From the mid-1980s and onwards, Jean Tirole has breathed new life into research on such market failures," the academy said, adding his work has strong bearing on how governments deal with mergers or cartels and how they should regulate monopolies."In...

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