Bengt Holmstrom Current Affairs, GK & News

Oliver Hart and Bengt Holmstrom win 2016 Nobel Prize in Economics

Two economists Oliver Hart and Bengt Holmstrom have won the 2016 Nobel Memorial Prize in Economic Sciences. Both of them will share 8 million kronor, or about $930,000. Royal Swedish Academy of Sciences has selected them for their contributions to contract theory which tells how contracts help people deal with conflicting interests. Their individual theories ..