How Frenchman’s Nobel research could aid consumers

By PAUL WISEMANKARL RITTER

Published October 13, 2014 6:56pm ET

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How Frenchman’s Nobel research could aid consumers — This undated photo provided Monday, Oct. 13, 2014 by the TSE (Toulouse School of Economics) shows French economist Jean Tirole. Tirole won the Nobel prize for economics Monday for research on market power and regulation that has helped policy-makers understand how to deal with industries dominated by a few powerful companies. (AP Photo/Toulouse School of Economics) | AP

U.S. consumers might be paying less than they are for cable and Internet access if regulators had followed the guidance of Jean Tirole in promoting industry competition.

So say experts in assessing the work of Tirole, a 61-year-old Frenchmen who won the Nobel prize in economics Monday for showing how to encourage better products and competitive prices in industries dominated by a few companies.

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