The 2016 Nobel Memorial Prize in contract theory

Schmidt, Klaus

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/162521

Title:

The 2016 Nobel Memorial Prize in contract theory

Authors:

Schmidt, Klaus

Year of Publication:

2017

Series/Report no.:

Discussion Paper No. 19

Publisher:

Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition, München und Berlin

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.

Subjects:

contract theory
nobel prize
optimal incentive schemes
incomplete contracts

JEL:

B21
D23
D82
L20

Document Type:

Working Paper

Appears in Collections:

Discussion Papers, Collaborative Research Center TRR 190: Rationality and Competition, Ludwig-Maximilians-Universität München (LMU) und Humboldt-Universität zu Berlin

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