Skip to content
  • Jean Tirole wins Nobel in economics for work on regulation

    The New York Times - 10/13/2014

    It is also the second consecutive year that the committee has honored an economist whose work essentially assumes that markets are often inefficient, challenging a widely held view in academia long associated with the University of Chicago economics department.

    “Jean Tirole, along with others, established a good theoretical foundation for the non-Chicago view of things that markets fail in various ways,” said John Kwoka, a professor of economics at Northeastern University in Boston who specializes in competition and regulation. “It’s important to think hard about the reasons that they fail and it’s important to think hard about the consequences.”

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.