Oliver Hart, of Harvard University, and Bengt Holmström, of MIT, won the 2016 Nobel Prize in Economic Sciences “for their contributions to contract theory.”
BREAKING 2016 Prize in Economic Sci. to Oliver Hart @Harvard & Bengt Holmström @MIT “for their contributions to contract theory” #NobelPrize pic.twitter.com/xosZ27WVee — The Nobel Prize (@NobelPrize) October 10, 2016
”(Their work) lays an intellectual foundation for designing policies and institutions in many areas, from bankruptcy legislation to political constitutions,” the award-giving body said on announcing the 8 million Swedish crown ($928,000) prize.
Oliver Hart and Bengt Holmström just won the 2016 Nobel Memorial Prize in Economics. They were given the prize for work on contract theory, which is the study of how contracts and incentives influence decision-making and business re...
STOCKHOLM (Reuters) - UK-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize for "their contributions to contract theory", the Royal Swedish Academy of Sciences said on Monday.
The two economists — professors at Harvard and MIT, respectively — were awarded the prize "for their contributions to contract theory."
Oliver Hart and Bengt Holmstrom have been awarded the 2016 Nobel Economics Prize for “their contributions to contract theory”. ||| Stockholm - UK-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize f...