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Oliver Hart, Nobel Laureate

Here is Hart’s most famous piece, with Sandy Grossman, 1986, “The Costs and Benefits of Ownership.”  Think of it as an extension of Ronald Coase and Oliver Williamson, also two Nobel Laureates (hey, that’s a lot of prizes for one topic area…) Why does one party ever purchase residual rights in the assets of another […] The post Oliver Hart, Nobel Laureate appeared first on Marginal REVOLUTION.
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Oliver Hart and Bengt Holmström just won the 2016 Nobel Prize in economics

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