The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Laffont, Jean-Jacques (1947–2004)

  • Jean Tirole
Reference work entry


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.


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 entrepreneurs 

JEL Classifications

This is a preview of subscription content, log in to check access.



I am grateful to Jacques Crémer, Marc Ivaldi, David Martimort and Eric Maskin for helpful comments


  1. Clarke, E. 1971. Multipart pricing of public goods. Public Choice 2: 19–33.Google Scholar
  2. Groves, T. 1973. Incentives in teams. Econometrica 41: 617–631.CrossRefGoogle Scholar
  3. Hansen, L. 1982. Large sample properties of generalized method of moments estimators. Econometrica 50: 1029–1048.CrossRefGoogle Scholar
  4. Hansen, L., and K. Singleton. 1982. Generalized instrumental variables estimation of nonlinear rational expectations models. Econometrica 50: 1269–1286.CrossRefGoogle Scholar
  5. Maskin, E. 1999. Nash equilibrium and welfare optimality. Review of Economic Studies 66: 23–28.CrossRefGoogle Scholar
  6. Maskin, E. 2004. Jean-Jacques Laffont: A look back. Journal of the European Economic Association 2: 913–923.CrossRefGoogle Scholar
  7. Myerson, R., and M. Satterthwaite. 1983. Efficient mechanisms for bilateral trading. Journal of Economic Theory 28: 265–281.CrossRefGoogle Scholar
  8. Vickrey, W. 1961. Counterspeculation, auctions and competitive sealed tenders. Journal of Finance 16: 8–37.CrossRefGoogle Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jean Tirole
    • 1
  1. 1.