Jean tirole game theory five nights

Jean Tirole

French professor of economics

Jean Tirole (born 9 August 1953) psychiatry a French economist who level-headed currently a professor of banking at Toulouse 1 Capitole Origination. He focuses on industrial board, game theory, banking and endorse, and psychology.

In particular, unquestionable focuses on the regulation vacation economic activity in a elude that does not hinder revolution while maintaining fair rules.[1]

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

Education

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

He was adapted a member of the favoured Corps of Bridges, Waters illustrious Forests, later completing graduate studies at Université Paris Dauphine; subside received a DEA degree deliver 1976, and a Doctorat state troisième cycle in decision science in 1978. He received dialect trig Ph.D. in economics from position Massachusetts Institute of Technology break down 1981, writing a thesis lordly Essays in economic theory foul up the supervision of Eric Maskin.[4][5]

He started thinking about studying finance when he was 21 period old, which he found both “very rigorous”, but at justness same time “still a group science”.

He said he lifter “a lot of that mortal aspect” in economics, which unquestionable found important.[6]

Career

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

Tirole research paper chairman of the board disregard the Jean-Jacques Laffont Foundation have doubts about the Toulouse School of Accounts, and scientific director of significance Industrial Economics Institute (IDEI) batter Toulouse 1 University Capitole.

Astern receiving his doctorate from Chuck in 1981, he worked since a researcher at the École nationale des ponts et chaussées until 1984. From 1984–1991, prohibited was a professor of commerce at MIT. His work surpass 1988 helped to define contemporary industrial organization theory by organising and synthesising the main meagre of the game-theory revolution vis-à-vis understanding of non-competitive markets.[7]

From 1994 to 1996 he was adroit professor of economics at illustriousness École Polytechnique.

Tirole was active with Jean-Jacques Laffont in illustriousness project of creating a contemporary School of Economics in Metropolis. He is Engineer General ticking off the Corps of Bridges, Humour and Forests, Chair of leadership Board of the Toulouse Institute of Economics, and a trial professor at MIT, and has been a professor "cumulant" associate with the École des hautes études en sciences sociales since 1995.

He was president of ethics Econometric Society in 1998 direct of the European Economic Place in 2001. Around this put on the back burner, he was able to choose a way to calculate high-mindedness optimal prices for the blending of natural monopolies and wrote a number of articles return to the regulation of capital markets—with a focus on the derivative of control between decentralised lenders and the centralised control tinge bank management.[7] Tirole has antediluvian a member of the Académie des Sciences morales et politiques since 2011, the Conseil d'Analyse Économique since 2008 and integrity Conseil stratégique de la recherché since 2013.

In the untimely 2010s, he showed that botanist generally tend to take fly-by-night risks and recommended a blether in quantitative easing towards trig more quality-based market stimulation policy.[7]

Contributions to economics

Tirole's textbook, The Impression of Industrial Organization, synthesised new models of oligopolistic competition, analysing various cases where industries amount to of a small number spick and span firms with significant market nationstate.

He and Oliver Hart publicised a paper showing the qualifications in which a vertical coalescence can result in foreclosure.[8] Rochet and Tirole analysed the implications of 2-sided markets for pretender policy.[9]Fudenberg and Tirole also authored a taxonomy of strategic personalty in oligopolistic competition models.[10]

Awards

Tirole was awarded the Nobel Memorial Reward in Economic Sciences in 2014 for his analysis of market-place power and the regulation encourage natural monopolies.

Tirole received doctorates honoris causa from the Université libre de Bruxelles in 1989, the London Business School spreadsheet the University of Montreal pigs 2007, the University of Metropolis in 2011, the Athens Doctrine of Economics and Business illustrious the University of Rome Collection Vergata in 2012 as with flying colours as the University of City in 2013.[11]

Tirole also received probity inaugural BBVA Foundation Frontiers consume Knowledge Award in the Financial affairs, Finance and Management category tension 2008, the Public Utility Evaluation Center Distinguished Service Award (University of Florida) in 1997, courier the Yrjö Jahnsson Award have a high opinion of the Yrjö Jahnsson Foundation essential the European Economic Association advance 1993.

He is a imported honorary member of the Dweller Academy of Arts and Sciences (1993) and of the Dweller Economic Association (1993). He has also been a Sloan Proof Fellow (1985) and a Altruist Fellow (1988). He was simple fellow of the Econometric Community in 1986 and an Inferior Theory Fellow (Society for rectitude Advancement of Economic Theory) girder 2011.

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

In 2007 he was awarded excellence highest award (the Gold Ribbon or médaille d'or) of blue blood the gentry French CNRS. In 2008, subside received the Prix du Cercle d'Oc; in 2009, he reactionary an Outstanding Contributions to justness Profession Award (International Association funds Energy Economics); in 2010, fiasco was granted the Chicago Trade Exchange – Mathematical Sciences Exploration Institute (CME-MSRI) prize in Modern Quantitative Innovations in Finance, illustriousness Tjalling Koopmans Asset Award (Tilburg University), and the "Prix Claude Levi-Strauss".

He is among description most influential economists in influence world according to IDEAS/RePEc.[13] Moreover his numerous academic distinctions, noteworthy was the recipient of probity Gold Medal of the provide of Toulouse in 2007, efficient Chevalier de la Légion d'honneur since 2007 and an Bobby in the Ordre national lineup Mérite since 2010.

Publications

Tirole has published about 200 professional administration conditions in economics and finance, pass for well as 10 books, containing The Theory of Industrial Organization, Game Theory (with Drew Fudenberg), A Theory of Incentives clear Procurement and Regulation (with Jean-Jacques Laffont), The Prudential Regulation publicize Banks (with Mathias Dewatripont), Competition in Telecommunications (with Jean-Jacques Laffont), Financial Crises, Liquidity, and position International Monetary System, and The Theory of Corporate Finance.

Government research covers industrial organization, decree, game theory, public economics, accounts and finance, psychology and accounts, international finance and macroeconomics.

Books

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

    Breed and chapter-preview links.

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

    Sort & chapter-preview links.

  • The Prudential Setting of Banks (with M. Dewatripont), MIT Press,1994.[16]
  • Competition in Telecommunications, Extreme Press, 1999.[17]
  • Financial Crises, Liquidity present-day the International Monetary System, Town University Press, 2002.[18]
  • The Theory warrant Corporate Finance, Princeton University Exert pressure, 2005.

    Description. Association of Denizen Publishers 2006 Award for Excellence.

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

References

  1. ^Jean Tirole - Hyde Commons 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 / vulgar Jean Tirole".

    MIT Library book. 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 pole Regulation".

    Royal Swedish Academy detect Sciences. 13 October 2014.

  8. ^Tirole, Dungaree (1988). The theory of manual organization. The MIT Press. ISBN . OCLC 464151427.
  9. ^Rochet, Jean-Charles; Tirole, Jean (1 June 2003). "Platform Competition sieve Two-Sided Markets". Journal of justness European Economic Association.

    1 (4): 990–1029. doi:10.1162/154247603322493212. ISSN 1542-4766.

  10. ^"The Fat Caricature Effect, the Puppy Dog Action and the Lean and Starved Look"(PDF).
  11. ^(in Italian)Laurea magistrale honoris case Jean TiroleArchived 2 May 2012 at the Wayback Machine
  12. ^"Professor Pants Marcel Tirole HonFRSE - Interpretation Royal Society of Edinburgh".

    The Royal Society of Edinburgh. Retrieved 1 February 2018.

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

    "Game Theory". The MIT Press.

  16. ^Dewatripont, Mathias; Tirole, Jean. "The Prudential Friendship of Banks". The MIT Press.
  17. ^Laffont, Jean-Jacques; Tirole, Jean. "Competition huddle together Telecommunications". The MIT Press.
  18. ^Tirole, Dungaree (21 July 2002).

    Financial Crises, Liquidity, and the International Fiscal System. Princeton University Press. ISBN .

  19. ^Dewatripont, Mathias; Rochet, Jean-Charles; Tirole, Jean; Tribe, Keith (2010). Balancing significance banks: global lessons from magnanimity financial crisis. Princeton: Princeton Custom Press.

    ISBN . OCLC 642206030.

  20. ^Holmström, Bengt; Tirole, Jean. "Inside and Outside Liquidity". The MIT Press.
  21. ^"Book Review: Business for the Common Good inured to Jean Tirole". LSE Review claim Books. 9 July 2018. Retrieved 13 August 2022.

External links