Jean-Jacques Laffont is Professor of Economic Sciences at the Université des Sciences Sociales de Toulouse and the founding Director of the Institut d'Economie Industrielle. His interests include public economics, the economics of uncertainty, incentives in public decision-making, and econometrics. His most recent work focuses on the theory of incentives and the economics of regulation as applied to the telecommunications industry. Laffont received the Yrjö-Jahnsson medal with Jean Tirole for work collected in the 1993 book, A Theory of Procurement and Regulatio (1993). A recent book, "Price Controls and the Economics of Institutions in China (1997), written with Claudia Senik-Leygonie, reflects concerns with pricing policies in developing countries. He received his Ph.D. from Harvard University and has worked at the Centre National de la Recherche Scientifique, the University of Amiens, and the University of Toulouse. Laffont is the President of the European Economic Association and a member of the American Academy of Arts and Sciences. He is a member of the American Economic Association, l'Association Française des Sciences Economiques, Institut Universitaire de France and a past President of the Econometric Society.