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Game theory and financial market regulation-- chen sun this paper examines the rationale for regulation of financial market by using game theory models. Jean tirole has been announced as the winner of the nobel in economics for his analysis of market power and regulation of game theory financial services. Jean tirole: market power and regulation 1 introduction game theory and the theory of mechanism design 2 by the end of the 1970s, the time was.
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These theories of regulation include theories of market power, 2 principal-agent theory addresses see market structure and competition, financial.
Game theory and financial market regulation — chen sun this paper examines the rationale for regulation of financial market by using game theory models. Memory of alfred nobel for his analysis of market power and regulation jean’s work on banking and financial markets jean’s attraction to game theory. In 1978 the financial economist michael jensen wrote: “i believe there is no other proposition in economics which has more solid empirical evidence supporting it than the efficient market.