Stockholm: French economist Jean Tirole, 61, on Monday won the Nobel prize for economics for research on market power and regulation that has helped policy-makers understand how to deal with industries dominated by a few dominant companies.
Calling Tirole “one of the most influential economists of our time,” the Royal Swedish Academy of Sciences said he’s made contributions in a range of research areas. But it highlighted his role in clarifying “how to understand and regulate industries with a few powerful firms.” Tirole, works at the Toulouse School of Economics in France and has a Ph.D. from MIT.
Meanwhile, Pakistan PM Nawaz Sharif is unlikely to attend the award ceremony for the Nobel Peace Prize won by Malala Yousufzai. Sharif is reported to visit China on the say of the ceremony.
