Nobel Economics Prize goes to France’s Jean Tirole

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Nobel Economics Prize goes to France’s Jean Tirole

AFP

The Royal Academy of Sciences announced that French economist Jean Tirole won the Nobel Economics Prize on Monday, October 13, for his analysis of big companies, market power and regulation. One of his chief contributions, according to the jury, is the insight that market dominance works differently in different industries. His findings come at at time when Amazon and Google exercise tremendous market power. The jury pointed out “governments can better encourage powerful firms to become more productive and, at the same time, prevent them from harming competitors and customers.”

Read the full story on Rappler.

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI