DICTIONARY
Bookmark
PrintLaffont, Jean-Jacques (1947–2004)
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
Back to top
Abstract
Jean-Jacques Laffont was one of the great economists of the last quarter of the 20th century, with an encyclopedic mind in a time of intense specialization. He won widespread respect and recognition for his breakthroughs in both theory (including public goods, contract theory, and the regulation of natural monopoly) and econometrics. In addition, he was energetically engaged in institution-building not only in Europe but also in Africa, Asia and Latin America.
Back to top
Keywords
access prices; adverse selection; asymmetric information; auctions; Bayesian implementation; budget balance; Coase Theorem; collective choice; collusion; contract theory; disequilibrium macroeconomic models; Econometric Society; econometrics; engineering cost models; European Economic Association; industrial organization; instrumental variables; Laffont, J.-J.; less developed countries; nonlinear simultaneous equations; occupational choice; partial equilibrium; productivity; public goods; regulation of natural monopolies; regulatory capture; revealed preferences; risk aversion; theory of entrepreneursBack to top
Back to top
See Also
I am grateful to Jacques Crémer, Marc Ivaldi, David Martimort and Eric Maskin for helpful comments.
How to cite this article
Tirole, Jean. "Laffont, Jean-Jacques (1947–2004)." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 02 September 2010 <http://www.dictionaryofeconomics.com/article?id=pde2008_L000211> doi:10.1057/9780230226203.0923
Share This