Jean Tirole

thumb|Jean Tirole Jean Marcel Pierre Tirole (born 9 August 1953) is a French economist who is currently a professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization and game theory. In particular, he focuses on the regulation of economic activity in a way that does not hinder innovation while maintaining fair rules. Tirole's work is largely theoretical and explored in mathematical models, not empirical research. In 2014, he received the Nobel Memorial Prize in Economic Sciences for his analysis of market power and regulation. Quotes Les coûts de transaction les plus pertinents sont désormais les coûts liés à la lecture des offres pour la selection des partenaires ou les coûts de signalement, et non plus les coûts de transport (...) notre problème est d'identifier parmi les millions de partenaires avec qui nous pourrions échanger celui qui correspond le mieux à nos attentes. La quasi-infinité des sources d'information, et le temps limité dont nous disposons pour les traiter et les comprendre, mettent au centre du jeu économique des intermédiaires : les plateformes (Amazon, Booking, eBay, Uber...). Ces plateformes fournissent de l'information précieuse à la fois sur la qualité et sur l'appariement en nous communiquant la réputation des vendeurs (...) L'économie du partage entre dans cette catégorie (Airbnb, Wingly, Drivy, blablacar...). The most relevant transaction costs are now the costs related to the reading of offers for the selection of partners or the reporting costs, and no longer the transport costs (...) our problem is to identify among the millions of partners with whom we could exchange the one that best meets our expectations. The almost infinite number of sources of information, and the limited time we have to process and understand them, put intermediaries at the center of the economic game: platforms (Amazon, Booking, eBay, Uber...). These platforms provide valuable information on both quality and matching by providing us with the reputation of sellers (...) The sharing economy falls into this category (Airbnb, Wingly, Drivy, blablacar...). Jean tirole, Economie du bien commun, 2016, p. 511. From an interview by Federico Fubini, Il premio Nobel, Tirole: «L'euro? Si salva condividendo i rischi», Corriere.it, 3 June 2017. Dalla crisi in poi [dal 2008], con la rinazionalizzazione del risparmio - le banche investono in titoli di Stato del proprio Paese - è sparito un fattore importante di stabilizzazione: la distribuzione dei frutti del risparmio fra diversi Paesi nell’area euro. E la mancanza di un bilancio europeo impedisce una redistribuzione automatica dei fondi. Since the crisis [since 2008], with the renationalization of savings - banks invest in their country's government bonds - an important stabilizing factor has disappeared: the distribution of the fruits of savings among different countries in the euro area. And the lack of a European budget prevents an automatic redistribution of funds. Le divergenze nella competitività, unite all’aumento del debito pubblico e delle banche, hanno portato tempi durissimi per le popolazioni dell’Europa del Sud. Divergences in competitiveness, combined with rising public debt and banks, have brought very hard times for the people of Southern Europe. Molte persone non vogliono credere che un eccesso di debito pubblico metta in pericolo le loro reti di protezione sociale. Preferiscono pensare che ci sarà una crescita miracolosa, che assorbirà il debito pro-capite o che qualcun altro pagherà il conto. Many people do not want to believe that an excess of public debt endangers their social protection networks. They prefer to think that there will be miraculous growth, that it will absorb per capita debt, or that someone else will foot the bill. External links Category:1953 births Category:Living people Category:Economists from France Category:Nobel laureates in Economics