Jean-Jacques Laffont

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Jean-Jacques Marcel Laffont (born April 13, 1947 in Toulouse , † May 1, 2004 in Colomiers ) was a French economist whose specialty was the study of the public sector and the information economy .

Life

He studied at the University of Toulouse and at the École National de la Statistique et de l'Administraion Economique (ENSAE) in Paris and received a doctorate in economics from Harvard University in 1975 .

Laffont was a pioneer in the field of imperfect information , government incentives and government regulation. His book A Theory of Incentives in Procurement and Regulation (1993, together with the later Nobel Prize winner Jean Tirole ) is a fundamental work on the state regulation of companies and the public sector. In 1993 he and Tirole were accepted into the American Academy of Arts and Sciences . Together with David Martimort , Laffont wrote The Theory of Incentives: The Principal-Agent Model in 2002 , a work on information economy and economic incentives (see: Principal-Agent Theory ). His last book, Regulation and Development , was about the economies of underdeveloped countries .

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personal data
SURNAME Laffont, Jean-Jacques
ALTERNATIVE NAMES Laffont, Jean-Jacques Marcel (full name)
BRIEF DESCRIPTION French economist whose specialty was the study of the public sector and the information economy
DATE OF BIRTH April 13, 1947
PLACE OF BIRTH Toulouse
DATE OF DEATH May 1, 2004
Place of death Colomiers