The prize is among the major awards in the United States for outstanding achievements in economics. The 2014 prize marks the 11th time Northwestern University has awarded the prize.
Tirole’s award of the 2014 Erwin Plein Nemmers Prize in Economics is “based on his various contributions to economic theory and its application to finance, industrial organization and behavioral economics.”
As one of the world’s leading economists, Tirole has been influential in the theoretical and practical application of game theory and information theory to industrial organization and regulation. His research interests also include finance, macroeconomics, international finance, economics and psychology.
Tirole also serves as chairman of the executive committee of the Institute for Advanced Study in Toulouse (IAST), which he helped found in 2011. He is an annual visiting professor at the Massachusetts Institute of Technology (MIT) in the department of economics, where he was a professor for eight years before moving to Toulouse in 1992.
Jean Tirole also won the CNRS Gold Medal in 2007, the highest award in France for scientific research.