|Born||April 13, 1947|
|Died||May 1, 2004 57) (aged|
|Institution|| University of Southern California |
University of Toulouse
|Alma mater||University of Toulouse, Harvard University (Ph.D., 1975)|
| Kenneth Arrow |
Jerry R. Green
| Roger Guesnerie |
|Contributions|| Public economics |
Information econometrics, especially asymmetry
|Awards||Yrjö Jahnsson Award (1993)|
|Information at IDEAS / RePEc|
Jean-Jacques Marcel Laffont (April 13, 1947 – May 1, 2004) was a French economist specializing in public economics and information economics. Educated at the University of Toulouse and the Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE) in Paris, he was awarded the Ph.D. in Economics by Harvard University in 1975.
Laffont taught at the École Polytechnique (1975–1987), and was Professor of Economics at Ecole des hautes études en sciences sociales (1980–2004) and at the University of Toulouse I (1991–2001). In 1991, he founded Toulouse's Industrial Economics Institute (Institut D'Economie Industrielle, IDEI) which has become one of the most prominent European research centres in economics. From 2001 until his death, he was the inaugural holder of the University of Southern California's John Elliott Chair in Economics. Over the course of his career, he wrote 17 books and more than 200 articles.Had he lived, he might well have shared the 2014 Nobel Prize for Economics awarded to his colleague and collaborator Jean Tirole.
Laffont made pioneering contributions in microeconomics, in particular, public economics, development economics, and the theory of imperfect information, incentives, and regulation. His 1993 book A Theory of Incentives in Procurement and Regulation, written with Jean Tirole, is a fundamental reference in the economics of the public sector and the theory of regulation. In 2002, he published (with David Martimort) The Theory of Incentives: the Principal-Agent Model, a treatise on the economics of information and incentives. His last book, Regulation and Development, discussed policies for improving the economies of less developed countries.
Jean-Jacques Laffont was diagnosed with cancer in autumn 2002 and died of the disease at his home in Colomiers in the Haute Garonne region of southern France on May 1, 2004. He was survived by his wife, Colette; his daughters Cécile, Bénédicte and Charlotte; and his son, Bertrand.
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A complete contract is an important concept from contract theory.
The University of Toulouse was a university in France that was established by papal bull in 1229, making it one of the earliest universities to emerge in Europe. Since the closing of the university in 1793 due to the French Revolution, the University of Toulouse no longer exists as a single institution. However, there have been several independent "successor" universities inheriting the name.
The School for Advanced Studies in the Social Sciences is one of the most selective and prestigious graduate schools of social sciences in Paris, France. It is one of the French grands établissements.
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Bengt Robert Holmström is a Finnish economist who is currently Paul A. Samuelson Professor of Economics at the Massachusetts Institute of Technology. Together with Oliver Hart, he received the Central Bank of Sweden Nobel Memorial Prize in Economic Sciences in 2016.
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Mathias François Dewatripont is a Belgian economist and professor at the Université libre de Bruxelles (ULB) and visiting professor at the Massachusetts Institute of Technology (MIT).
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The Yrjö Jahnsson Foundation is a charitable foundation whose aims are to promote Finnish research in economics and medicine and to maintain and support educational and research facilities in Finland. It was established in 1954 by the wife of Yrjö Jahnsson, Hilma Jahnsson. It supports the award of the Yrjö Jahnsson Award and Yrjö Jahnsson Lecture series. These lectures have been delivered by noteworthy economists since 1963. 10 of the Yrjö Jahnsson Lecture series scholars have gone on to win the Nobel prize in economics, making it a top predictor for future recipients.
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