French economist Jean Tirole has won the Nobel
Prize in economics for his work on market power
and regulation.
The prize, officially called the Sveriges Riksbank
Prize in Economic Sciences in Memory of Alfred
Nobel, was set up in 1968.
It was not one of the original awards set out in
dynamite tycoon Nobel’s 1895 will.
Tirole, 61, is six years younger than the average
age of Nobel economics laureates.
Regulators and competition authorities have
obtained “a whole new set of tools” from Tirole’s
work, according to the Royal Swedish Academy of
Sciences, which announced the award
source www.punchng.com