Market Power and Regulation: From Great Economics to Good Policies

Abstract

Jean Tirole is one of the most influential economists of our time. He has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms. Tirole is awarded this year's prize for his analysis of market power and regulation: The Royal Academy of Sciences, The Prize in Economics Sciences, 2014, Stockholm.