Vertragstheorie: Zum Nobelpreis 2016 für Oliver Hart und Bengt Holmström

Contract Theory: On the Contributions of the 2016 Nobel Laureates Oliver Hart and Bengt Holmström

Daniel Müller and Patrick W. Schmitz

MPRA Paper from University Library of Munich, Germany

Abstract: Oliver Hart and Bengt Holmström have been awarded the 2016 Nobel Prize in Economic Sciences for their contributions to contract theory. In this paper, we provide a brief introduction to the field of contract theory and we discuss some of the laureates' central contributions.

Keywords: contract theory; moral hazard; hidden actions; incomplete contracts; property rights (search for similar items in EconPapers)
JEL-codes: D86 (search for similar items in EconPapers)
Date: 2016-11
New Economics Papers: this item is included in nep-ger, nep-his and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:75233

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