Who?
- Jean Tirole
What?
Nobel Prize winning article on Market power and regulation
Where?
When?
2014
The Gist
A cropped version and summation of the Nobel Prize award winning article about how regulation applies to different markets. It also explains some interesting tools and strategies for regulation and competition in markets.
The Good
- Very quick read for an award winning article
- Talks about oligopolies and monopolies, which I find very interesting
- The thing won a Nobel Prize - doesn't get much better than that!
The Bad
- Could see this being completely boring for those not interested in business.
- Lots of different cases to think about
- Would like to read the actual prize winning piece
The Questions:
- What other cases exist worth mentioning?
- Are patents good or bad in this sense?
- What is the most broadly applicable way to regulate markets
My Review
This was an interesting read, and it was really cool to get to know about something that won the Nobel Prize in Economic Sciences for 2014. This was a very recent article although I would still like to know how it holds up in this immediate time.
7/10
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