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Contributions of Oliver Hart and Bengt Holmström to Contract Theory

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  • Klaus M. Schmidt

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.

Suggested Citation

  • Klaus M. Schmidt, 2017. "Contributions of Oliver Hart and Bengt Holmström to Contract Theory," Scandinavian Journal of Economics, Wiley Blackwell, vol. 119(3), pages 489-511, July.
    • Handle: RePEc:bla:scandj:v:119:y:2017:i:3:p:489-511
    DOI: 10.1111/sjoe.12245
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    Cited by:

    1. Alexander Teytelboym & Shengwu Li & Scott Duke Kominers & Mohammad Akbarpour & Piotr Dworczak, 2021. "Discovering Auctions: Contributions of Paul Milgrom and Robert Wilson," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 709-750, July.
    2. Fischer, Roger A., 2020. "How the G7 reviews its work on development: A case study of internal accountability," IDOS Discussion Papers 19/2020, German Institute of Development and Sustainability (IDOS).
    3. Ole Jonny Klakegg & Julien Pollack & Lynn Crawford, 2020. "Preparing for Successful Collaborative Contracts," Sustainability, MDPI, vol. 13(1), pages 1-18, December.

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