Nobel Memorial Prize in Economics-2014: Jean Tirole

2015 ◽  
pp. 5-21 ◽  
Author(s):  
S. Avdasheva ◽  
A. Shastitko

Jean Tirole’s Nobel Prize-winning research is described within the context of practical issues for economic policy and taking into account the relevance of his results for the real world. The paper considers how Tirole contributed to the resolution of “Chicago school paradoxes” in industrial organization and to explaining antitrust law enforcement in the new economy. We also emphasize specific features of Tirole’s textbook on industrial organization and demonstrate its significance for systematic knowledge of markets organization. The main elements of Tirole’s approach to optimal regulation are also discussed.

2013 ◽  
Author(s):  
Jonathan P. Vallano ◽  
Jacqueline Evans ◽  
Jenna Kieckhaefer ◽  
Nadja Schreiber Compo
Keyword(s):  

2019 ◽  
pp. 90-111 ◽  
Author(s):  
Natalia S. Pavlova ◽  
Andrey Е. Shastitko

The article deals with the problem of determining market boundaries for antitrust law enforcement in the field of telecommunications. An empirical approach has been proposed for determining the product boundaries of the market in the area of mass distribution of messages, taking into account the comparative characteristics of the types and methods of notification (informing) of end users; the possibilities of switching from one way of informing to another, including the evolution of such opportunities under the influence of technological changes; switching between different notification methods. Based on the use of surveys of customers of sending SMS messages, it is shown that the product boundaries should include not only sending messages via SMS, but also e-mail, instant messengers, Push notifications and voice information. The paper illustrates the possibilities of applying the method of critical loss analysis to determining the boundaries of markets based on a mixture of surveys and economic modeling.


2018 ◽  
Vol 11 (18) ◽  
pp. 153-180
Author(s):  
Zbigniew Jurczyk

The paper aims at showing the influence and the views espoused by economic theories and schools of economics on competition policy embedded in antitrust law and conducted by competition authorities in the field of vertical agreements. The scope of the paper demonstrates how substantially the economization of antitrust law has changed the assessment as to the harmfulness of vertical agreements. The analysis of economic aspects of vertical agreements in antitrust analysis allows one to reveal their pro-competitive effects and benefits, with the consumer being their beneficiary. The basic instrument of the said economization is that antitrust bodies draw on specific economic models and theories that can be employed in their practice. Within the scope of the paper, the author synthesizes the role and influence of those models and schools of economics on the application of competition law in the context of vertical agreements. In presenting, one after another, the theories and schools of economics which used to, or are still dealing with competition policy the author emphasises that in its nature this impact was more or less direct. Some of them remain at the level of general principals and axiology of competition policy, while others, in contrast, delineate concrete evaluation criteria and show how the application of those criteria changes the picture of anti-competitive practices; in other words, why vertical agreements, which in the past used to be considered to restrain competition, are no longer perceived as such. The paper presents the models and recommendations of neoclassical economics, the Harvard School, the Chicago and Post-Chicago School, the ordoliberal school, the Austrian and neoAustrian school as well as the transaction cost theory.


Author(s):  
Andrew Murray

This chapter examines whether the actions of individuals in the digital environment could be regulated. It first considers John Perry Barlow’s 1996 publication of his Declaration of Independence for Cyberspace, in which he asserts that cyberspace was a separate sovereign space where real-world laws and real-world governments were of little or no effect. Barlow’s forceful challenge to lawmakers and law enforcement bodies gave rise to a school of thought known as cyberlibertarianism. The chapter compares cyberlibertarianism with another school of thought called cyberpaternalism, which rejected the notion that cyberspace was immune from regulatory intervention by real-world regulators. It also explains Lawrence Lessig’s modalities of internet regulation, network communitarianism, private regulators of cyberspace, and states’ supranational regulation of cyberspace. The chapter goes on to examine contemporary theories of internet governance and regulation including libertarian paternalism, platform and intermediary regulation, and algorithmic regulation.


2019 ◽  
Vol 24 (7) ◽  
pp. 1850-1860 ◽  
Author(s):  
Davide la Torre ◽  
Simone Marsiglio

We analyze the optimal debt reduction problem in an uncertainty context. The social planner has a finite horizon and seeks to minimize the social costs associated with debt repayment by taking into account not only the short-run costs of the policy, but also the long-run costs associated with the outstanding level of debt. We characterize the optimal policy and the dynamics of the debt-to-GDP ratio, showing that it will decrease over time if economic policy is effective enough. We characterize how the evolution of the debt-to-GDP ratio depends on the main parameters and we present a simple calibration based on Greek data to illustrate the implications of our analysis in real-world setups.


2019 ◽  
Vol 19 (24) ◽  
Author(s):  
Jason Finch

Käesolev artikkel tutvustab kirjanduslike linnauuringute (Literary Urban Studies, LUS) uuemaid suundi, visandab olulisemad uurimismeetodid ja eristab neid teistest võimalikest käsitlusviisidest linnakultuuridele, ruumilisusele ja kehalisele kogemusele. Kirjanduslikud linnauuringud seisavad vastu varasemate linnauuringute katsetele teha üldistusi mingil hetkel kuulsaimate või suurimate linnade põhjal. Kirjanduslikud linnauuringud varustavad humanitaarteaduste uurijad vahendite, sealhulgas mõistetega, mis on rakendatavad mistahes perioodi kirjandusele ükskõik millises keeles.   In the 2010s, a new Literary Urban Studies (hereafter LUS) has developed. It combines spatial humanities scholarship with activism and other public concerns. The Association for Literary Urban Studies (ALUS) has been a key player in developing the new LUS. Publications produced by scholars connected to ALUS have been geographically wide-ranging. They have also developed interests in specific conceptual areas of LUS, including second cities and ‘citiness’, or the cultural elements that are specific to the city and the urban condition. Key issues arising from contemporary ‘citiness’ include the operation of networks, scales and hierarchies in urban cultures. Walter Benjamin called Paris the ‘capital of the nineteenth century’, but LUS looks beyond cities judged the most primary or alpha-level. Studies in the new LUS so far produced engage with and practice urban history and urban planning studies, applying literary reading techniques to texts not commonly judged literary (incuding policy and planning texts, or trial transcripts). Literature has a particular potential for urban planners and activists as a means of staging possibilities for one city or all cities. Despite these boundary-crossing inclinations, LUS is coherent and distinctive. This can be shown by contrasting it with several other activities that somewhat resemble it. LUS belongs in the academic humanities not, with urban studies, in the interdisciplinary social sciences. It is in part an outgrowth of the ‘spatial turn’ associated with names like Lefebvre, de Certeau and Anglophone critical geographers, but it does not consider cities as mere instances of spatiality, however socially produced. It draws on phenomenological accounts of placed human experience but juxtaposes individuals’ perspectives with larger-scale ones. It is multidisciplinary and focused on real-world objects, and cannot be classed as a type of literary geography, which applies geographical methods to literary objects. Nor, as outlined in this article, is LUS to be confused with other areas of spatial investigation, from geocriticism and Deep Locational Criticism to psychogeography and deep topography. It is more multi-polar and more systematic than these approaches focused on the individual human or the individual city over time tend to be. LUS functions in tandem with but not as part of the current mobilities paradigm of the social sciences (recognising the non-static nature of cities). It retains a belief in literature as a primary material which distinguish it from urban cultural studies and other multimedial methods in city investigation. After outlining the emergence of the new LUS and distinguishing it from these alternative approaches, the article examines another account of the relationship between literature and the city, Franco Moretti’s. For Moretti, city literature is essentially modern and a literature of social (more than physical) mobility. The work of Moretti shares with earlier research for example by Benjamin, or the Chicago School in sociology, a belief that in the words of Bart Keunen ‘an impression of magnitude’ was central in twentieth-century views of city cultures. LUS contrasts with this by emphasizing relatively neglected cities, literatures and neighbourhoods, often focusing on the more culturally underdetermined areas in which populations live everyday lives and work. Contra Moretti the image of the city varies across literary forms and genres, and its later expressions are not just ‘a hollowing out’ of that found in classics of nineteenth-century realism. Despite later work foundational to literary spatial studies, the 1980s, at least, Moretti seems now surprisingly unconfident about LUS as a discipline. In the late 2010s, emergent disciplines fuel LUS in new ways, among them the radical urban scholarship of AbdouMaliq Simone and Ananya Roy, and advances in digital humanities research (including those with which Moretti has been involved). Next, the article glances at some foundational figures for LUS from the personal perspective of the author: Jane Jacobs, Doreen Massey, Jeff Malpas and Eric Prieto. Working in urban studies, critical human geography, place philosophy and spatial literary phenomenology respectively, all humanize actual city environments and challenge simplistic conclusions about ‘the city’. Jacobs’s notion of ‘adventuring in the real world’ could help form a manifesto for LUS. The conclusion of the article emphasizes the capaciousness of LUS. This goes beyond individuals of the artist and writer class, and the districts where they have tended to live, opening up textual and experiential equivalents of what Simone calls ‘urban majority’ areas. It may not be at all clear to us what settlements appeared urban in earlier historical eras. LUS enables comparisons between cities of different magnitudes, and the restoration of personhood to city-dwellers and city areas that have had it stripped from them.


Author(s):  
Mario S. Staller ◽  
Swen Körner

Abstract Professionalism in law enforcement requires the identification and development of expertise of police use of force (PUOF) coaches. Effective PUOF training includes the transfer from the training into the real-world environment of policing. This difference between working in the field and working as a PUOF coach has not been thoroughly investigated. However, research in other professional domains has shown that practical competence in the subject matter itself does not make a coach effective or successful. With this article, we conceptualize expert practice in PUOF instruction on the basis of a conflict management training setting in the security domain. First, by discussing a model of “territories of expertise”, we point out the dynamic and contextual character of expertise within the PUOF domain. Second, by conceptualizing expertise as a process and effect of communication, we provide a framework that describes and examines the interdependency between performance-based and reputation-based expertise. These considerations present two practical challenges, which we recommend professional law enforcement institutions to engage. We close by providing practical orientations and pointers for addressing these issues.


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