French Economist Jean Tirole Wins the Nobel Prize

The video introduces John Terrell, a scientific director at the University of Toulouse, and discusses his theories on regulating large organizations. It highlights his work in game theory and oligopoly, emphasizing the need for industry-specific regulations. The video also compares European and US market structures and regulations. John Terrell's academic background, including his doctorates in mathematics and economics, is also covered.

What is the main theory proposed by Terrell K regarding large organizations?

What is the significance of the Swedish Riksbank Prize in relation to economics?

How does Terrell K suggest industries should be regulated?

What can be learned from European regulations regarding market structure?

What are the two doctorates held by Mr. Troll?