Jean Tirole
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Jean Tirole
Jean Tirole (born 9 August 1953) is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. In 2014 he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of market power and regulation. Education Tirole received engineering degrees from the École Polytechnique in Paris in 1976, and from the École nationale des ponts et chaussées in 1978. He graduated as a member of the elite Corps of Bridges, Waters and Forests. Tirole pursued graduate studies at the Paris Dauphine University and was awarded a DEA degree in 1976 and a Doctorat de troisième cycle in decision mathematics in 1978. In 1981, he received a Ph.D. in economics from the Massachusetts Institute of Technology for his thesis titled ''Essays in economic theory'', under the supervision of Eric Maskin. Career Tirole is chairman of the board of the Jean-Jacques Laffont Foundat ...
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Troyes
Troyes () is a commune and the capital of the department of Aube in the Grand Est region of north-central France. It is located on the Seine river about south-east of Paris. Troyes is situated within the Champagne wine region and is near to the Orient Forest Regional Natural Park. Troyes had a population of 61,996 inhabitants in 2018. It is the center of the agglomeration community Troyes Champagne Métropole, which was home to 170,145 inhabitants. Troyes developed as early as the Roman era, when it was known as Augustobona Tricassium. It stood at the hub of numerous highways, primarily the Via Agrippa. The city has a rich historical past, from the Tricasses tribe to the liberation of the city on 25 August 1944 during the Second World War, including the Battle of the Catalaunian Plains, the Council of Troyes, the marriage of Henry V and Catherine of France, and the Champagne fairs to which merchants came from all over Christendom. The city has a rich architectural and u ...
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Toulouse 1 Capitole University
Founded in 1229, the Toulouse 1 Capitole University (Université Toulouse I Capitole) is one of the three universities of the city of Toulouse, in southwestern France. This university, presided by Hugues Kenfack, focuses on the social sciences (law, political science, economics, administration, etc.). Having signed approximately 260 partnership agreements and strong relations witprofessional partners the University of Toulouse I Capitole continues to develop a strategy of international university cooperation, notablEngage.eu It is an active member of the Federal University oToulouse For many years, the city of Toulouse has been voted best student city in France. The student population of the Toulouse I Capitole University is offered various opportunities for European and international mobility. The university has about 20 doubldegreesas well as several programs in othecountries Each year, approximately 500 students go abroad for study. The University has obtained the ''Welcome to ...
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Jean-Jacques Laffont Foundation
Jean-Jacques Marcel Laffont (April 13, 1947 – May 1, 2004) was a French economist specializing in public economics and information economics. Educated at the University of Toulouse and the Ecole Nationale de la Statistique et de l'Administration Economique ( ENSAE) in Paris, he was awarded PhD in economics by Harvard University in 1975. Laffont taught at the École Polytechnique (1975–1987), and was Professor of Economics at Ecole des hautes études en sciences sociales (1980–2004) and at the University of Toulouse I (1991–2001). In 1991, he founded Toulouse's Industrial Economics Institute (Institut D'Economie Industrielle, IDEI) which has become one of the most prominent European research centres in economics. From 2001 until his death, he was the inaugural holder of the University of Southern California's John Elliott Chair in Economics. Over the course of his career, he wrote 17 books and more than 200 articles. Had he lived, he might well have shared the 2014 Nobel Pr ...
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Doctor Of Philosophy
A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common Academic degree, degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is an earned research degree, those studying for a PhD are required to produce original research that expands the boundaries of knowledge, normally in the form of a Thesis, dissertation, and defend their work before a panel of other experts in the field. The completion of a PhD is often a requirement for employment as a university professor, researcher, or scientist in many fields. Individuals who have earned a Doctor of Philosophy degree may, in many jurisdictions, use the title ''Doctor (title), Doctor'' (often abbreviated "Dr" or "Dr.") with their name, although the proper etiquette associated with this usage may also be subject to the professional ethics of their own scholarly field, culture, or society. Those who teach at ...
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Decision Theory
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. There are three branches of decision theory: # Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined by considering an ideal decision-maker who is able to calculate with perfect accuracy and is in some sense fully rational. # Prescriptive decision theory: Concerned with describing observed behaviors through the use of conceptual models, under the assumption that those making the decisions are behaving under some consistent rules. # Descriptive decision theory: Analyzes how individuals actually make the decisions that they do. Decision theory is closely related to the field of game theory and is an interdisciplinary topic, studied by econom ...
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Doctorat
A doctorate (from Latin ''docere'', "to teach"), doctor's degree (from Latin ''doctor'', "teacher"), or doctoral degree is an academic degree awarded by universities and some other educational institutions, derived from the ancient formalism ''licentia docendi'' ("licence to teach"). In most countries, a research degree qualifies the holder to teach at university level in the degree's field or work in a specific profession. There are a number of doctoral degrees; the most common is the Doctor of Philosophy (PhD), awarded in many different fields, ranging from the humanities to scientific disciplines. In the United States and some other countries, there are also some types of technical or professional degrees that include "doctor" in their name and are classified as a doctorate in some of those countries. Professional doctorates historically came about to meet the needs of practitioners in a variety of disciplines. Many universities also award honorary doctorates to individuals de ...
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Master Of Advanced Studies
A Master of Advanced Studies or Master of Advanced Study (MAS, M.A.S., or MASt) is a postgraduate degree awarded in various countries. Master of Advanced Studies programs may be non-consecutive programs tailored for "specific groups of working professionals with well-defined needs for advanced degree work" or advanced research degrees. With the exception of the several schools in the UK, advanced studies programs tend to be interdisciplinary and tend to be focused toward meeting the needs of professionals rather than academics. The Master of Advanced Studies is also often referred as Executive Master because it is aimed at working profesionals (see the LSE in the UK programs for example or INSEAD and HEC programs in France) United Kingdom The University of Cambridge began offering the Master of Advanced Study in 2010 as a one-year master's degree in Mathematics as a replacement for the " Part III exam in Mathematics". Cambridge currently offers Master of Advanced Study degre ...
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Corps Of Bridges, Waters And Forests (France)
The ''Corps des ponts, des eaux et des forêts'' (in English "Corps of Bridges, Waters and Forests") is a technical Grand Corps of the French State (grand corps de l'Etat). Its members are senior officials, mainly employed by the French Ministry of Environment and Energy and by the Ministry of Agriculture. Most of them are from École polytechnique, where they are selected based on their ranking, and from AgroParisTech where they are selected based on an entrance exam, others are from École normale supérieure (Ulm) or the regular curriculum of the École des ponts ParisTech. People entering the Corps (around 60 each year) are trained either at AgroParisTech, École des ponts ParisTech or abroad in specific fields, in particular when they are willing to pursue a PhD. In 2002, the ''Corps des ponts et chaussées'', and the different corps formed by the civil aviation engineers, the geography engineers and the meteorological engineers merged. In 2009, the ''Corps des ponts et chaus ...
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Regulation
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation; * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Social Regulation in the social, political, psychological, and economic domains can take many forms: legal restriction ...
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Market Power
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. In other words, market power occurs if a firm does not face a perfectly elastic demand curve and can set its price (P) above marginal cost (MC) without losing revenue.Syverson, C. (2019). Macroeconomics and Market Power. The Journal of Economic Perspectives, 33(3), 23-43. https://doi.org/10.1257/jep.33.3.23 This indicates that the magnitude of market power is associated with the gap between P and MC at a firm's profit maximising level of output. Such propensities contradict perfectly competitive markets, where market participants have no market power, P = MC and firms earn zero economic profit. Market participants in perfectly competitive markets are consequently referred to as 'price takers', whereas market participants that exhibit market power are referred to as ...
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Nobel Memorial Prize In Economic Sciences
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered by the Nobel Foundation. Although not one of the five Nobel Prizes which were established by Alfred Nobel's will in 1895, it is commonly referred to as the Nobel Prize in Economics. The winners of the Nobel Memorial Prize in Economic Sciences are chosen in a similar way, are announced along with the Nobel Prize recipients, and the prize is presented at the Nobel Prize Award Ceremony. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank, to commemorate the bank's 300th anniversary. It is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences.
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