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French economist Jean Tirole has been awarded the 2014 Nobel Economics Prize "for his analysis of market power and regulation", the Royal Swedish Academy of Sciences said on October 13, 2014.
The academy called Tirole, 61, one of the most influential economists of our time. The academy said Tirole has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms. Look through this gallery by TASS with images of all 2014 Nobel Prize winners.