Oct
13

Terrific Tirole

tiroleToday French economist Jean Tirole won the Nobel Prize in Economic Sciences. His research focuses on industries dominated by a few large firms — like credit cards, banks, cable companies, Internet search — and how to regulate them. Because there are so few firms, they try to strategically manipulate each other and their regulators. Moreover, regulators tend to know little about the cost structure of such firms. A great choice.

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