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Analysis Group Congratulates 2025 Nobel Laureate Philippe Aghion
Analysis Group congratulates Philippe Aghion on being awarded the 2025 Nobel Prize in Economic Sciences, along with Peter Howitt and Joel Mokyr. The Nobel Committee awarded this year’s prize “for having explained innovation-driven economic growth” and recognized Professors Aghion and Howitt for their prior research on “the theory of sustained growth through creative destruction.”
In 2023, Analysis Group was privileged to cohost a roundtable discussion with a number of competition policy experts, including Professor Aghion, former director-general of DG Comp Olivier Guersent, president of the French Competition Authority Benoît Cœuré, Cleary Gottlieb partner Séverine Schrameck, and Analysis Group Managing Principal Antoine Chapsal. The panelists discussed how competition and M&A intersect with sustainability and data privacy, as well as the relationship between competition and innovation. Professor Aghion also gave an insightful keynote speech on the relationship between competition and sustainability.
Currently a professor at the Collège de France, INSEAD, and the London School of Economics and Political Science, Professor Aghion has made several contributions to our economic understanding of the world, including fundamental work on the relationship between competition and innovation. Through his array of publications, he has enhanced our understanding of competition policy, exclusionary conduct, and sustainability.
He has also led multiple initiatives to encourage the spread of ideas, having launched the Campus de l’innovation pour les lycées (Innovation Campus for High Schools), designed to familiarize high school students from disadvantaged areas with research in economics, political science, biology, and mathematics. Additionally, Professor Aghion founded the Farhi Innovation Lab, a research center aimed at mobilizing talented young researchers and world-renowned specialists to better understand innovation, the drivers of productivity, and business dynamics.
We are pleased to see Professor Aghion’s contributions to economics recognized, including those related to competition policy, innovation, and economic growth. The firm warmly congratulates Professor Aghion and all of this year’s Nobel laureates on this highest of recognitions.
Associated People
Antoine Chapsal
Managing PrincipalDr. Chapsal is an economist who specializes in empirical and theoretical industrial organization. He has provided economic expertise in a large number of high-profile cases involving mergers, cartels, information exchanges, abuses of dominant positions, regulation, intellectual property matters, and damages quantifications. Recent examples include the Lafarge/Holcim and Fnac/Darty mergers, as well as airfreight, cathode ray tube, and elevator cartel cases. Dr. Chapsal has also assisted various firms in designing optimized pricing strategies and dealing with policy issues. His reports have been presented to the competition authorities of France, Germany, Austria, and South Africa; the European Commission; the Higher Regional Court of Düsseldorf; and the Court of Appeals, Conseil d’Etat, Conseil constitutionnel, and Tribunal of Commerce of Paris.
Prior to joining Analysis Group, Dr. Chapsal founded MAPP, a Paris- and Brussels-based economic consultancy, which was acquired by KPMG in 2018. Previously, he worked in a US competition economics consultancy. Dr. Chapsal regularly publishes articles on competition economics, on subjects ranging from the econometric analysis of cartels to geographic market delineation and exclusionary strategies. He is an affiliated professor at the Sciences Po Department of Economics and a member of the CESifo academic research network.