Jean Tirole

Jean Marcel Tirole (born August 9, 1953) is a French professor of economics. He works on industrial organization, game theory, banking and finance, and economics and psychology. He was awarded the Nobel Memorial Prize in Economic Sciences in 2014 for his analysis of market power and regulation of large companies.^[1]

Tirole received engineering degrees from the École Polytechnique in Paris in 1978, and from École nationale des ponts et chaussées, Paris (1978), and a "Doctorat de 3ème cycle" in decision mathematics from the Paris Dauphine University (1978). In 1981, he received his Ph.D. from the Massachusetts Institute of Technology for a thesis titled Essays in economic theory, under the supervision of Eric Maskin.^[2]

Tirole is chairman of the board of the Jean-Jacques Laffont Foundation at the Toulouse School of Economics, and scientific director of the Industrial Economics Institute (IDEI) in Toulouse. After graduating from the École Polytechnique and receiving his PhD from MIT in 1981, he worked as a researcher at l'École nationale des ponts et chaussées until 1984. From 1984–1991, he worked as a Professor of Economics at MIT. From 1994 to 1996 he was as a Professor of Economics at École Polytechnique. He was president of the Econometric Society in 1998 and of the European Economic Association in 2001. He is still affiliated with MIT, where he holds a visiting position and has been a member of the "Académie des Sciences morales et politiques" since 2011.

Tirole was awarded the Nobel Memorial Prize in Economic Sciences in 2014 for his analysis of market power and regulation. Tirole received doctorates honoris causa from the Université libre de Bruxelles in 1989, the London Business School and the University of Montreal in 2007, the University of Mannheim in 2011, the Athens University of Economics and Business and the University of Rome Tor Vergata in 2012 as well as the University of Lausanne in 2013.^[3]

Tirole also received the inaugural BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category in 2008, the Public Utility Research Center Distinguished Service Award (University of Florida) in 1997, and the Yrjö Jahnsson Award of the Yrjö Jahnsson Foundation and the European Economic Association in 1993. He is a foreign honorary member of the American Academy of Arts and Sciences (1993) and of the American Economic Association (1993). He has also been a Sloan Fellow (1985) and a Guggenheim Fellow (1988). He was a fellow of the Econometric Society in 1986 and an Economic Theory Fellow (Society for the Advancement of Economic Theory) in 2011.

In 2007 he was awarded the highest award (the Gold Medal or médaille d'or) of the French CNRS. In 2008, he received the Prix du Cercle d'Oc; in 2009, he received an Outstanding Contributions to the Profession Award (International Association for Energy Economics); in 2010, he was granted the Chicago Mercantile Exchange – Mathematical Sciences Research Institute (CME-MSRI) prize in Innovative Quantitative Innovations in Finance, the Tjalling Koopmans Asset Award (Tilburg University, and the "Prix Claude Levi-Strauss". He is among the most influential economists in the world according to IDEAS/RePEc.^[4] Besides his numerous academic distinctions, he was the recipient of the Gold Medal of the city of Toulouse in 2007 ; Chevalier de la Légion d'honneur (2007), Officier dans l’Ordre National du Mérite (2010).

Tirole has published about 200 professional articles in economics and finance, as well as 10 books, including The Theory of Industrial Organization, Game Theory (with Drew Fudenberg), A Theory of Incentives in Procurement and Regulation (with Jean-Jacques Laffont), The Prudential Regulation of Banks (with Mathias Dewatripont), Competition in Telecommunications (with Jean-Jacques Laffont), Financial Crises, Liquidity, and the International Monetary System, and The Theory of Corporate Finance. His research covers industrial organization, regulation, game theory, banking and finance, psychology and economics, international finance and macroeconomics.

• Dynamic Models of Oligopoly (with D. Fudenberg), 1986. [1]
• The Theory of Industrial Organization, MIT Press. (1988) Description and chapter-preview links.
• Game Theory (with D. Fudenberg), MIT Press, 1991 [2].
• A Theory of Incentives in Regulation and Procurement (with J.-J. Laffont), MIT Press,1993. Description & chapter- preview links.
• The Prudential Regulation of Banks (with M. Dewatripont), MIT Press,1994. [3]
• Competition in Telecommunications, MIT Press, 1999 [4].
• Financial Crises, Liquidity and the International Monetary System, Princeton University Press, 2002 [5].
• The Theory of Corporate Finance, Princeton University Press, 2005. Description. Association of American Publishers 2006 Award for Excellence.
• Balancing the Banks (with Mathias Dewatripont, and Jean-Charles Rochet), Princeton University Press, 2010 [6].
• Inside and Outside Liquidity (with Bengt Holmström), MIT Press, 2011 [7].

• Personal info and curriculum vitae on the IDEI website
• Bibliography
• Biography
• BBVA Foundation Frontiers of Knowledge Awards

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