Exclusive Lecture by Jean Tirole

Note: Only NewUU students, faculty and staff can attend this lecture

Lecturer:
Jean Tirole, Nobel Prize Laureate in Economic Sciences

Title:
Regulating Big Tech

Venue:
New Uzbekistan University, Ulugbek Central Auditorium, Movarounnahr street 1, 100000, Tashkent

Date:
October 14, Monday

Time:
10:00 - 12:00

About Jean Tirole

Jean Tirole was born in Troyes, France. After having studied engineering at the Ecole Polytechnique and Ecole Nationale des Ponts et Chaussées in Paris, he turned his interests to economics and mathematics. In 1981 he received his doctorate in economics from the Massachusetts Institute of Technology in Cambridge, Massachusetts in the US. He maintained his connections to MIT, as a professor of economics from 1984 to 1991 and thereafter a few weeks per year. Since 1992 he has worked at the Toulouse School of Economics, in Toulouse, France.

If markets dominated by a small number of companies are left unregulated, society often suffers negative consequences. Prices can become unjustifiably high and new companies can be prevented from entering the market. Since the mid-1980s, Jean Tirole has worked to develop a coherent theory of how regulation and antitrust should be adapted to suit conditions specific to each industry. Tirole has applied this framework to several industries, from banking to telecommunications and payment and digital platforms. He has also published extensively on game theory, the economics of organizations, macroeconomics, and psychology and economics, and is the author of the wide-audience book Economics for the common good.

About the lecture:

The world’s largest market caps and startups are multi-sided platforms. These “gatekeeping” platforms allow or facilitate interaction between consumers and business users (app and content suppliers, merchants, advertisers). Firms such as Google, Meta, Apple, Amazon, Alibaba, or Tencent dominate their market segment and are the major actors in R&D (and so will large AI platforms tomorrow). Unsurprisingly, they are attracting substantial antitrust scrutiny. Regulators wonder whether platform users receive their fair contribution to digital ecosystems. The frequent accusations of excessive platform fees and self-preferencing leveled at dominant gatekeepers raise the issue of the standard gatekeepers should be held to. The lecture will review the current policy debates and provide a framework to explain business strategies and assess regulatory decisions.

Contacts

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