Economists Oliver Hart and Bengt Holmstrom have won the Nobel economics prize for work on contract theory. Judges said Oliver Hart and Bengt Holmstrom’s work laid “an intellectual foundation” for policies in areas such as bankruptcy legislation and political constitutions. They will receive 8 million Swedish krona from the committee. UK-born Oliver Hart, who was… Continue reading 2016 Nobel Prize in Economic Sciences Awarded for Contract Theory