Which of the following personalities have won the 2016 Nobel Prize in Economics?
[A]Eugene Fama and Robert Shiller
[B]Angus Deaton and Jean Tirole
[C]lvin Roth and Lloyd Shapley
[D]Oliver Hart and Bengt Holmstrom
Oliver Hart and Bengt Holmstrom
UK-born Oliver Hart and Bengt Holmstrom of Finland have won the 2016 Nobel Prize in Economics for their contributions to contract theory. Their theories are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design. They will share the 8m kronor ($924,000) prize; it was announced by the Royal Swedish Academy of Sciences in Stockholm, Sweden.