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Saturday, October 18, 2014

Nobel prize for Economics 2014

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2014 to

Jean Tirole
Toulouse 1 Capitole University, France

“for his analysis of market power and regulation”.

--> Tirole is the third French Laureate awarded the prize in Economic Sciences.

--> Tirole who has used game theory in an attempt to find ways to control the dominance of major companies said he was incredibly surprised when he got the news.

--> 61-year-old Tirole who was awarded the economics prize — the first without an American winner or joint winner since 1999 wins eight million kroner (£700,000) prize.


--> The Academy said, "Tirole is one of the most influential economists of our time. He has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms."
Nobel prize for Economics 2014 Reviewed by Currentaffairs4examz on 18.10.14 Rating: 5 The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Econom...

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