Economy
Jean Tirole
Platform Companies: Empires with Secrets
Take a look at the dark truth of the brave new world that transformed and innovated our daily lives with Jean Tirole.
Lesson Plan
- Lesson Length : 16 Lessons ㆍ 2 hours 06 miutes
- Language : 한국어, English, 简体中文, Spanish, French
The dark side of the age of platforms corporations.
Today, platform companies dominate global market cap rankings. All the “hot” companies are in the platform business. We use platforms like Google, Facebook, Amazon, and Uber in our daily lives. It wouldn’t be wrong to say we’re living in the age of platforms. Yet, for some time now, we have been seeing leaders of platform companies called to American Senate and House hearings, and governments around the world are taking regulatory actions against them. What could be happening?
Jean Tirole, known as the master of monopoly regulations, has had his eyes on platforms since the early days. Platforms, which allow us to get what we want cheaply and conveniently, seem like the dawn of a brave new world, but Tirole points out the dark side of this system. That shadow is the reason why we must pull the brakes on the empire of platforms, which has brought tremendous change and innovation to world’s economies and societies. What is the inconvenient truth behind this brave new world of the 21st century? Find out the secrets behind the empire of platforms with Jean Tirole.
Full Bio
Jean Tirole
- Professor of economics at Toulouse 1 Capitole University
- Winner of Nobel Prize in Economics (2014)
- Winner of Yrjö Jahnsson Award of the European Economic Association (2013)
- Member of the Académie des Sciences Morales et Politiques (2011–)
- Foreign honorary member of the American Academy of Arts and Sciences and the American Economic Association since 1993
Jean Tirole is a professor of economics at Toulouse 1 Capitole University and the scientific director of the Toulouse Industrial Economics Institute (IDEI). He began studying corporate regulation theories in the mid-1980s and is unrivaled in the field of corporate monopoly research.
Tirole focused on researching business-oriented regulations rather than advocating unconditional ones, categorized the types of monopoly firms, and developed a model for how a firm should set prices for its products. His work has been greatly influential in developing government responses to monopolist expansion by giant corporations.
Tirole won the European Economic Association’s Yrjö Jahnsson Award in 1993, French CNRS’s Gold Medal in 2007, and the Nobel Memorial Prize in Economics in 2014 for his analysis of the regulation of natural monopolies.
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