Strategy Lessons From Jean Tirole
Harvard Business Review
OCTOBER 15, 2014
He then usually brings in the tools of game theory, in which his protagonists have to contend with other rational actors and the moves they might make. The basic story is that early antitrust and regulatory ideas that didn’t have much basis in economic theory were brushed aside in the 1970s and 1980s by the University of Chicago-based “law and economics” movement, which basically taught that competition conquers all, even in pretty concentrated industries. Corporate finance?