Contract Theory

Nobel Contract Theory: Opening Up Of The ‘Black Box’ Of Market Economy

Maitreesh Ghatak

Bengt Holmstrom and Oliver Hart. Photo credit: GettyImages

Oliver Hart And Bengt Holmstrom Take The Nobel Prize In Economics For Their Work On Contracts

A press conference at the Royal Swedish Academy of Sciences in Stockholm, where the laureates were presented with the Nobel Memorial Prize in Economics (JONATHAN NACKSTRAND/AFP/Getty Images)

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