Bio and Research Interests

Research interests

Industrial Organization
Organization Theory
Game Theory


Jean Tirole is chairman of the Foundation JJ Laffont-Toulouse School of Economics (TSE), and scientific director of the Institute for Industrial Economics (IDEI), University of Toulouse Capitole. He is also affiliated with MIT, where he holds a visiting position, the Ecole des Hautes Etudes en Sciences Sociales (EHHESS), and with the Institute for Advanced Study in Toulouse (IAST), which he helped found in 2011.He is ingénieur général des ponts, des eaux et des forêts. Before moving to Toulouse in 1991, he was professor of economics at MIT. He was president of the Econometric Society in 1998 and of the European Economic Association in 2001.
Jean Tirole has given over eighty distinguished lectures and has published about two hundred articles in economics and finance, as well as 11 books. He received his PhD in economics from MIT in 1981, engineering degrees from Ecole Polytechnique, Paris (1976) and from Ecole Nationale des Ponts et Chaussées, Paris (1978) and a “Doctorat de 3ème cycle” in decision mathematics from the University Paris IX (1978).
He holds Honorary Doctorate degrees from the Free University in Brussels (1989), the London Business School (2007), HEC Montreal (2007), the University of Mannheim (2011), the Athens School of Business and Economics (2012), the University of Rome 2 (2012), Hitotsubashi University (2013) , Université de Lausanne (2013) ,EUI Florence (2015) and Luis U. Rome (2015). Among other prizes and honors, he received the Yrjö Jahnsson prize of the European Economic Association (granted every other year to an economist under the age of 45 who has made a contribution in theoretical and applied research that is significant to economics in Europe) in 1993, the gold medal of the CNRS in 2007 (the second economist, after Allais in 1978, to receive this medal, attributed to one researcher every year since 1954), and was the inaugural winner of the BBVA Frontiers of Knowledge Awards in economics, finance and management in 2008. He received the CME-MSRI award and the Levi-Strauss prize in 2010 and the Ross prize in 2013. He is the laureate of the 2014 Nemmers prize in economics and received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in the same year. He is a foreign honorary member of the American Academy of Arts and Sciences (1993) and of the American Economic Association (1993). He was elected to Allais’ chair at the French Académie des Sciences Morales et Politiques in 2011.

Current position

2013 Member of the French Strategic Research Council
2011 Chairman of the Executive Committee, Institute for Advanced Study in Toulouse (IAST)
2011 Member of the Académie des Sciences Morales et Politiques
2009 Chairman of the Board of Directors, Toulouse School of Economics
2008 Member of the Conseil d'Analyse Économique of the Prime Minister
1995 Directeur d'Etudes cumulant, EHESS
1992 Scientific director, Institut d'Économie Industrielle
1992 Visiting Professor MIT

Former positions

2007 - 2009 Director, Toulouse School of Economics
2006 - 2009 Fellow of the Haut Conseil de la Sciences et de la Technologie
2001 President, European Economic Association
1998 President, Econometric Society
1984 - 1991 Professor of Economics, Massachusetts Institute of Technology
1981 - 1984 Researcher; CERAS, École Nationale des Ponts et Chaussées


1981 Ph.D., Massachusetts Institute of Technology
1978 Engineer, École Nationale des Ponts et Chaussées
1978 Docteur de 3ème Cycle, Decision Mathematics, Paris IX - Dauphine
1976 Engineer, École Polytechnique
1976 Diplôme d'Étude Approfondie, Decision Mathematics, Paris IX -Dauphine

Grants and awards

2014 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
2014 Erwin Plein Nemmers Prize in Economics
2013 Stephen A. Ross Prize in Financial Economics
2013 Honorary doctorate degree, Hitotsubashi University
2013 Honorary doctorate degree, Université de Lausanne
2013 Honorary Fellow of the Royal of Society of Edinburgh
2012 Honorary doctorate degree, Athens University of Economics and Business
2012 Honorary doctorate degree, University of Rome Tor Vergata
2012 Grand Prix of the "Académie d'Occitanie"
2011 ILB and EIF Award for the best paper in finance ("Leverage and the Central Banker's Put") written with Emmanuel Farhi
2011 Member, Académie des Sciences morales et politiques
2011 Honorary doctorate degree, University of Mannheim
2010 European Research Council Grant
2010 CME Group - Mathematical Sciences Research Institute Prize in Innovation Quantitative Applications
2010 Claude Levi-Strauss Prize
2010 Officier dans l’Ordre National du Mérite
2009 Fellow of the Academie des Sciences, Inscriptions et Belles Lettres de Toulouse
2008 (Inaugural) Frontiers of Knowledge Award of the BBVA Foundation
2008 Cercle d'Oc Prize
2007 Chevalier de la légion d'honneur
2007 "Risques" - "Les Echos" Award
2007 Honorary doctorate degree, London Business School
2007 Honorary doctorate degree, HEC Montreal
2007 Gold medal, CNRS
2007 Gold medal, city of Toulouse
2004 Institute of Scientific Information-Thomson Price Winner in Economics
2002 Médaille d'argent, Centre National de la Recherche Scientifique
2002 Lauréat du Prix Dargélos de l'Ecole Polytechnique
1999 Distinguished Fellow Award, Industrial Organization Society
1998 John von Neumann Award, Rajk Lazlo College for Advanced Studies, Budapest University
1997 Public Utility Research Center Distinguished Service Award, University of Florida, Gainesville
1996 Center for Economic Studies Prize, Munich
1993 Foreign Honorary Member, American Academy of Arts and Sciences
1993 Foreign Honorary Member, American Economic Association
1993 Yrjo Jahnsson prize of the European Economic Association
1989 Doctorat Honoris Causa, Université Libre de Bruxelles
1988 - 1989 John Simon Guggenheim Memorial Fellowship
1985 - 1987 Sloan Fellowship


Articles in a refereed journal



  • Narratives, Imperatives and Moral Reasoning, May 18, 2016 (with Armin Falk)
    [Full text]

  • Marking to Market versus Taking to Market, November 25, 2015 (with Guillaume Plantin)
    [Full text]

  • Cognition-Intensive Contracting, July 22, 2015
    [Full text]

  • Cognitive Games and Cognitive Traps, July 2015
    [Full text]

  • Shrouded Transaction Costs, September 20, 2014 (with Hélène Bourguignon and Renato Gomes)
    [Full text]

  • Pandering and Pork-Barrel Politics, July 23, 2014 (with Eric Maskin)
    [Full text]

  • Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops, March 12, 2014, revised November 15, 2014 (with Emmanuel Farhi)
    [Full text]


Jean Tirole was awarded the 2014 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Press release 

Official Nobel prize resources

Nobel prize lecture

Nobel prize acceptance speech 

Nobel committee "scientific background" document on Tirole's work