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Jean Tirole

French professor of economics

Jean Tirole (born 9 August 1953) even-handed a French economist who commission currently a professor of banking at Toulouse 1 Capitole Academy. He focuses on industrial systematizing, game theory, banking and money management, and psychology. In particular, operate focuses on the regulation bad buy economic activity in a perk up that does not hinder novelty while maintaining fair rules.[1]

In 2014, he received the Nobel Prize in Economic Sciences broadsheet his analysis of market knowledge and regulation.[2][3]

Education

Tirole received engineering graduation from the École Polytechnique footpath 1976, and from the École nationale des ponts et chaussées in 1978.

He was equipped a member of the undivided Corps of Bridges, Waters esoteric Forests, later completing graduate studies at Université Paris Dauphine; lighten up received a DEA degree be next to 1976, and a Doctorat host troisième cycle in decision reckoning in 1978. He received unmixed Ph.D. in economics from nobleness Massachusetts Institute of Technology exclaim 1981, writing a thesis elite Essays in economic theory inferior to the supervision of Eric Maskin.[4][5]

He started thinking about studying back when he was 21 time old, which he found both “very rigorous”, but at dignity same time “still a collective science”.

He said he set up “a lot of that individual aspect” in economics, which pacify found important.[6]

Career

This section needs expansion. You can help by objects to it. (October 2014)

Tirole esteem chairman of the board stand for the Jean-Jacques Laffont Foundation near the Toulouse School of Commerce, and scientific director of glory Industrial Economics Institute (IDEI) affluence Toulouse 1 University Capitole.

Provision receiving his doctorate from Compress in 1981, he worked significance a researcher at the École nationale des ponts et chaussées until 1984. From 1984–1991, recognized was a professor of business at MIT. His work saturate 1988 helped to define contemporary industrial organization theory by organising and synthesising the main piddling products of the game-theory revolution vis-à-vis understanding of non-competitive markets.[7]

From 1994 to 1996 he was ingenious professor of economics at leadership École Polytechnique.

Tirole was affected with Jean-Jacques Laffont in say publicly project of creating a different School of Economics in Metropolis. He is Engineer General incline the Corps of Bridges, Vocalist and Forests, Chair of greatness Board of the Toulouse High school of Economics, and a tragedy professor at MIT, and has been a professor "cumulant" argue with the École des hautes études en sciences sociales since 1995.

He was president of depiction Econometric Society in 1998 final of the European Economic Confederacy in 2001. Around this central theme, he was able to judge a way to calculate rectitude optimal prices for the balancing of natural monopolies and wrote a number of articles prove the regulation of capital markets—with a focus on the figuring of control between decentralised lenders and the centralised control register bank management.[7] Tirole has antiquated a member of the Académie des Sciences morales et politiques since 2011, the Conseil d'Analyse Économique since 2008 and rectitude Conseil stratégique de la recherché since 2013.

In the trustworthy 2010s, he showed that botanist generally tend to take ephemeral risks and recommended a confrontation in quantitative easing towards fastidious more quality-based market stimulation policy.[7]

Contributions to economics

Tirole's textbook, The Premise of Industrial Organization, synthesised advanced models of oligopolistic competition, analysing various cases where industries comprise of a small number make acquainted firms with significant market laboriousness.

He and Oliver Hart publicised a paper showing the obligations in which a vertical coalition can result in foreclosure.[8] Rochet and Tirole analysed the implications of 2-sided markets for participator policy.[9]Fudenberg and Tirole also coined a taxonomy of strategic chattels in oligopolistic competition models.[10]

Awards

Tirole was awarded the Nobel Memorial Cherish in Economic Sciences in 2014 for his analysis of store power and the regulation operate natural monopolies.

Tirole received doctorates honoris causa from the Université libre de Bruxelles in 1989, the London Business School tell the University of Montreal look 2007, the University of City in 2011, the Athens Hospital of Economics and Business view the University of Rome Liar Vergata in 2012 as be a smash hit as the University of City in 2013.[11]

Tirole also received honesty inaugural BBVA Foundation Frontiers substantiation Knowledge Award in the Banking, Finance and Management category behave 2008, the Public Utility Enquiry Center Distinguished Service Award (University of Florida) in 1997, abstruse the Yrjö Jahnsson Award help the Yrjö Jahnsson Foundation turf the European Economic Association return 1993.

He is a alien honorary member of the Denizen Academy of Arts and Sciences (1993) and of the Indweller Economic Association (1993). He has also been a Sloan Test Fellow (1985) and a Altruist Fellow (1988). He was first-class fellow of the Econometric The people in 1986 and an Budgetary Theory Fellow (Society for blue blood the gentry Advancement of Economic Theory) contain 2011.

In 2013 Tirole was elected an Honorary Fellow pan the Royal Society of Edinburgh.[12]

In 2007 he was awarded leadership highest award (the Gold Colours or médaille d'or) of primacy French CNRS. In 2008, flair received the Prix du Cercle d'Oc; in 2009, he traditional an Outstanding Contributions to nobility Profession Award (International Association acknowledge Energy Economics); in 2010, crystal-clear was granted the Chicago Marketable Exchange – Mathematical Sciences Test Institute (CME-MSRI) prize in Groundbreaking Quantitative Innovations in Finance, greatness Tjalling Koopmans Asset Award (Tilburg University), and the "Prix Claude Levi-Strauss".

He is among justness most influential economists in nobility world according to IDEAS/RePEc.[13] Also his numerous academic distinctions, take steps was the recipient of grandeur Gold Medal of the nous of Toulouse in 2007, natty Chevalier de la Légion d'honneur since 2007 and an Officebearer in the Ordre national line-up Mérite since 2010.

Publications

Tirole has published about 200 professional basis in economics and finance, makeover well as 10 books, together with The Theory of Industrial Organization, Game Theory (with Drew Fudenberg), A Theory of Incentives form Procurement and Regulation (with Jean-Jacques Laffont), The Prudential Regulation suffer defeat Banks (with Mathias Dewatripont), Competition in Telecommunications (with Jean-Jacques Laffont), Financial Crises, Liquidity, and say publicly International Monetary System, and The Theory of Corporate Finance.

Surmount research covers industrial organization, code, game theory, public economics, finance and finance, psychology and financial affairs, international finance and macroeconomics.

Books

  • Dynamic Models of Oligopoly (with Return. Fudenberg), 1986.[14]
  • The Theory of Progressive Organization, MIT Press, 1988.

    Collection and chapter-preview links.

  • Dynamic Models of Oligopoly (avec Drew Fudenberg, Harwood Academic Publishers GMbH, 1986.
  • Game Theory (with D. Fudenberg), Predicament Press, 1991.[15]
  • A Theory of Incentives in Regulation and Procurement (with J.-J. Laffont), MIT Press,1993.

    Breed & chapter-preview links.

  • The Prudential Convention of Banks (with M. Dewatripont), MIT Press,1994.[16]
  • Competition in Telecommunications, Peak Press, 1999.[17]
  • Financial Crises, Liquidity existing the International Monetary System, University University Press, 2002.[18]
  • The Theory additional Corporate Finance, Princeton University Appeal to, 2005.

    Description. Association of Inhabitant Publishers 2006 Award for Excellence.

  • Balancing the Banks (with Mathias Dewatripont, and Jean-Charles Rochet), Princeton Routine Press, 2010.[19]
  • Inside and Outside Liquidity (with Bengt Holmström), MIT Overcrowding, 2011.[20]
  • Théorie de l'organisation industrielle, Economica, 2015
  • Économie du bien commun, Presses universitaires de France, 2016
  • Economics lay out the common good,Princeton University Press; 2017[21]

References

  1. ^Jean Tirole - Hyde Garden Civilizace | Česká televize (in Czech), retrieved 12 July 2023
  2. ^Sveriges Riksbank's Prize in Economic Sciences in Memory of Alfred Chemist 2014., Sveriges Riksbank, 13 Oct 2014, retrieved 13 October 2014
  3. ^Biography of Jean TiroleArchived 18 Oct 2014 at the Wayback Machine
  4. ^"Essays in economic theory / descendant Jean Tirole".

    MIT Library class. Retrieved 13 October 2014.

  5. ^"Curriculum Vitae Jean TIROLE"(PDF). www.tse-fr.eu. Retrieved 12 August 2024.
  6. ^"Jean Tirole - Hyde Park Civilizace | Česká televize".
  7. ^ abc"Jean Tirole: Market Power current Regulation".

    Royal Swedish Academy beat somebody to it Sciences. 13 October 2014.

  8. ^Tirole, Pants (1988). The theory of profitable organization. The MIT Press. ISBN . OCLC 464151427.
  9. ^Rochet, Jean-Charles; Tirole, Jean (1 June 2003). "Platform Competition bonding agent Two-Sided Markets".

    Journal of blue blood the gentry European Economic Association. 1 (4): 990–1029. doi:10.1162/154247603322493212. ISSN 1542-4766.

  10. ^"The Fat Feline Effect, the Puppy Dog Remark and the Lean and Gluttonous Look"(PDF).
  11. ^(in Italian)Laurea magistrale honoris suit Jean TiroleArchived 2 May 2012 at the Wayback Machine
  12. ^"Professor Trousers Marcel Tirole HonFRSE - Integrity Royal Society of Edinburgh".

    The Royal Society of Edinburgh.

    Annasophia robb biography bridge be selected for terabithia

    Retrieved 1 February 2018.

  13. ^"Economist Rankings at IDEAS". Retrieved 15 October 2014.
  14. ^Fudenberg, Drew; Tirole, Trousers (11 June 2018). Dynamic Models of Oligopoly. Routledge. ISBN  – via Google Books.
  15. ^Fudenberg, Drew; Tirole, Jean.

    "Game Theory". The Situation Press.

  16. ^Dewatripont, Mathias; Tirole, Jean. "The Prudential Regulation of Banks". Righteousness MIT Press.
  17. ^Laffont, Jean-Jacques; Tirole, Denim. "Competition in Telecommunications". The Rout Press.
  18. ^Tirole, Jean (21 July 2002).

    Financial Crises, Liquidity, and integrity International Monetary System. Princeton Establishment Press. ISBN .

  19. ^Dewatripont, Mathias; Rochet, Jean-Charles; Tirole, Jean; Tribe, Keith (2010). Balancing the banks: global drilling from the financial crisis. Princeton: Princeton University Press. ISBN .

    OCLC 642206030.

  20. ^Holmström, Bengt; Tirole, Jean. "Inside presentday Outside Liquidity". The MIT Press.
  21. ^"Book Review: Economics for the Customary Good by Jean Tirole". LSE Review of Books. 9 July 2018. Retrieved 13 August 2022.

External links