regulating industry's big boys
TRANSCRIPT
17 OCTOBER 2014 • VOL 346 ISSUE 6207 291SCIENCE sciencemag.org
lular organelles, and viruses—to looking at
best blurry and indistinct in visible light
micrographs. The three new Nobelists over-
came that limit through fluorescence, coax-
ing objects to reveal details by emitting their
own light.
In the late 1980s, Moerner, then at IBM’s
Almaden Research Center in San Jose, Cali-
fornia, was trying to develop a novel opti-
cal data storage technique. Along the way,
he and his colleagues improved their lasers
and detection equipment enough to track the
light absorption spectra and fluorescence of
single molecules. Those studies revealed that
the wavelength of light given off by individ-
ual molecules can shift as molecules dance
around, an insight that made possible later
imaging developments.
Hell developed his technique, called
stimulated emission deple tion micro scopy,
in 2000. It uses a laser beam to excite mol-
ecules to glow and a second beam to cancel
out all fluorescence except within a volume
just nano meters across—hundreds of times
smaller than a wavelength of light.
Shortly thereafter, Betzig
developed a different method
known as single-molecule local-
ization microscopy. Instead of
turning off unwanted fluores-
cence, his technique excites it se-
lectively, using a precisely tuned
laser to tickle just a single kind
of biological molecule at a time.
By separately imaging molecules
that have different distributions
in a sample, then superimposing the sepa-
rate images, the technique can build up a
complete picture of the structure. Betzig
demonstrated the method for the first time
in 2006 and described it in a paper in Science
(11 August 2006, p. 748).
Hell told the Nobel press conference on
8 October by phone from Germany that he be-
gan working on the problem when he became
bored by the conventional
problems of microscopy
and wondered if this seem-
ingly unbreakable limit
could be breached. “I was
attracted to the problem.
I eventually realized there
was a way,” he said. At first,
Hell added, other scientists
couldn’t believe his new
approach had cracked a
problem that had vexed
researchers since Abbe’s
work in 1873. “I realized
you don’t overcome the
limit by changing the
waves of light; you over-
come it by playing with
the molecules.”
The implications were revolutionary. Us-
ing electron microscopes, researchers had
been able to observe only specially prepared
dead specimens. The ability to produce vis-
ible light images at a resolution of tens of
nanometers meant they could now study
biological molecules in living organisms. “I
am thrilled by this,” says Catherine Lewis,
director of the cell biology and biophysics
division at the National Institute of General
Medical Sciences in Bethesda, Maryland.
“Because these techniques allow research-
ers to monitor molecular movements over
time, they are becoming very important for
understanding things such as metastasis in
cancer, and the way viruses enter cells and
where they go.”
Some researchers noted that, coming so
soon after the techniques’ discovery, the
award contrasted with the Nobels’ usual
stately pace. “It’s still quite new. It’s only
just starting to be adopted in the lab,” says
Leeds’ Peckham. Susan Cox, a biologist at
King’s College London, agrees. “These three
people are very worthy recipi-
ents,” she says. “But we’re still at
the start. It’s a little messy, and
the technological development
is happening as the scientific re-
sults are coming in.”
Microscopists were quick to
develop variants of the Nobel-
winning techniques, with a
bewildering array of acronyms—
SPDM, SPDMphymod, STORM,
PALM, dSTORM, fPALM, SOFI,
and SIM—but they remained too expensive
and technically difficult for many biology
labs, Cox says. In recent years, however,
major optics manufacturers have begun
producing off-the-shelf systems. “That’s the
critical thing,” Cox says: “being able to push
the button, and it just works.” ■
With reporting by Robert F. Service.
Setting specimens aglow makes
possible extreme close-ups such as
this image of mouse nuclei.
Regulating industry’s big boysFrench economist Jean Tirole is honored for his analyses of oligopolies
NOBEL PRIZES
By Tania Rabesandratana
Big companies make their own rules—
but they can still be regulated. That
insight earned Jean Tirole, scientific
director at the Industrial Economic
Institute at the Toulouse School of
Economics in France, the 2014 Nobel
Prize in economics. Tirole’s influential anal-
yses of oligopolies, industries dominated by
a few large firms, helps answer the question:
“What sort of regulations and competition
policy do you want
in place so that large
and mighty firms will
act in society’s best
interest?” said Tore
Ellingsen, chair of the
prize committee.
Until the 1980s,
regulation researchers sought simple rules
that could apply to every industry. They
often dealt with two extreme situations:
single monopolies or perfect competition.
Tirole instead used mathematical model-
ing from game theory and contract theory
to describe how giant firms react and in-
teract under various conditions. He also
provided tools to deal with so-called asym-
metric information, when public authori-
ties have less information than the firms
they are trying to regulate.
Tirole has never shied away from giv-
ing practical policy recommendations, says
Reinhilde Veugelers, an economics profes-
sor at the University of Leuven in Belgium
and senior fellow at the Bruegel think tank
in Brussels, adding that his work is highly
relevant to current debates on the regulation
of telecoms, banking, and energy markets.
Indeed, Joaquín Almunia, the European
commissioner for competition, praised
Tirole’s influence on the regulation of com-
pany mergers, among other topics, in a
statement on Monday. “We owe Jean Tirole
so much,” Almunia said.
For a longer version of this story, see
http://scim.ag/econNobel. ■
“for the development of super-resolved fluorescence microscopy”
Eric Betzig
Stefan W. Hell
William E. Moerner
CHEMISTRY NOBEL
“for his analysis of market power and regulation”
Jean Tirole
ECONOMICS NOBEL
Published by AAAS
on
Nov
embe
r 11
, 201
4w
ww
.sci
ence
mag
.org
Dow
nloa
ded
from