Rd. Alexander
French economist Jean Tirole was on Monday awarded the Nobel Prize for Economics 2014 for his research on market power and regulation.
"From the mid-1980s and onwards, Jean Tirole has breathed new life into research on such market failures," the Royal Swedish Academy of Sciences said of the 61-year old Frenchman who works at the Toulouse School of Economics in France.
Born on August 9, 1953, Jean Tirole received his Ph.D. from theMassachusetts Institute of Technology (MIT) in 1981.
Besides this, he also has a degree in engineering from the École Polytechnique in Paris (1976), École nationale des ponts et chaussées, Paris (1978) and a "Doctorat de 3ème cycle" in decision mathematics from Paris Dauphine University (1978).
He was a Professor of Economics at MIT from 1984 to 1991, an institute that he is still affiliated with and holds a visiting position. He is also a member of the "Académie des Sciences morales et politiques" since 2011.
Jean Tirole was also the president of the Econometric Society in 1998 and of the European Economic Association in 2001.
A professor at Toulouse School of Economics, Toulouse, France, Jean Tirole has published over 200 professional articles and given invited lectures all over the world including the Hicks lecture (Oxford 1992), the Walras-Pareto lectures (Lausanne 1992), the Schumpeter lecture (European Economic Association 1993), the Pazner lecture (Tel Aviv 1993), the Walras-Bowley lecture (Econometric Society 1994), the Baffi lectures (Bank of Italy, 2000), the Marshall lectures in Cambridge (2003), the Tinbergen lecture in Amsterdam (2003), etc.
He has also published 10 books which include The Theory of Industrial Organization, Game Theory (with Drew Fudenberg), A Theory of Incentives in Procurement and Regulation (with Jean-Jacques Laffont), The Prudential Regulation of Banks (with Mathias Dewatripont), Competition in Telecommunications (with Jean-Jacques Laffont), Financial Crises, Liquidity, and the International Monetary System, and The Theory of Corporate Finance.
However, it was for his book 'A Theory of Incentives in Procurement and Regulation' for which he was awarded the Nobel Prize for Economics 2014.
