Jean Tirole is the author of ground-breaking work on the regulation of the market and protect consumers against excessive prices, so the Nobel Prize for it is fully deserved – PAP says prof. Adam Noga Academy. Kozminski University.
Jean Tirole, as explained by prof. Leg, is a great contribution to the analysis of market organization. “It’s an analysis of competition in a particular market, the impact on her number of companies, the impact of all this on prices. Tirole conducted these analyzes in the convention mathematical game theory, which allows to show the influences of various market participants on each other” – said the expert. “This theory has been used in the regulation of many markets, for example. The mobile telephony market in Poland” – he added.Works Tirole’a, noted professor. Leg, describe how to regulate the market effectively to consumer prices as low as possible. Nobel Prize winner is therefore measurable achievements in protecting consumers against excessive prices – pointed.
Tirole, according to prof. Legs, uses the French tradition of market regulation. “But he just combines it with the principles of American liberalism, is, moreover, educated at the famous MIT in Boston. Skillfully combines American liberalism of the French tendency to regulate” – expert argued Academy. Kozminski University.
According to prof. The legs of this year’s Nobel Prize winner 20 years ago he was tipped for the award because of his first works come from the 80s then worked with the late French economist Jean-Jacques Laffont. “If Laffont not died, most likely both to get the prize” – said prof. Leg.
On Monday it was announced that Jean Tirole is this year’s winner of the Nobel Prize in economics.
No comments:
Post a Comment