Jean Tirole (pictured), a French Professor of economics has been awarded with the Nobel Memorial Prize for Economic Science for his work on regulating large firms.
According to the Royal Swedish Academy of Sciences, Tirole’s achievement lies in the propagation of industry specific solutions to tackle monopolies. The Academy described Tirole as “one of the most influential economists of our time.”
Tirole’s research covers industrial organisation, game theory, banking and finance, he is a member of the Toulouse School of Economics and Scientific Director of IDEI. He holds A Phd from Massachusetts Institute of Technology.
The Nobel Memorial Prize, also known as Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been added to the original Nobel Prices to reward outstanding contributions to economic science.