Contributions of Oliver Hart and Bengt Holmström to Contract Theory

Klaus Schmidt ()

Scandinavian Journal of Economics, 2017, vol. 119, issue 3, 489-511

Abstract: Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path‐breaking work.

Date: 2017
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