Reflections on the 2016 Nobel Memorial Prize for Contract Theory (Oliver Hart and Bengt Holmström)

    Erasmus Journal of Philosophy and Economics, pp. 167-180, 2016.

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    Abstract:

    INTRODUCTIONAs researchers who focus on the economic theory of the firm we were delighted to see the 2016 Nobel Prize in economic sciences go to Oliver Hart and Bengt Holmstrom, two of the foremost economists in the areas of contracting, firm boundaries, and organizational structure. Their work has important implications not only for the ...More

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