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Jean Tirole Wins Nobel Economics Prize

French economist Jean Tirole won the 2014 economics Nobel Prize for his analysis of market power and regulation, the Royal Swedish Academy of Sciences said on Monday. "Jean Tirole is one of the most influential economists of our time,'' the academy said. "Most of all he has clarified how to understand and regulate industries with a few powerful firms.'' For about 30 years Tirole has researched market failures "has clarified how to understand and regulate...

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