Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162521
Authors: 
Schmidt, Klaus
Year of Publication: 
2017
Series/Report no.: 
Discussion Paper 19
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.
Subjects: 
contract theory
nobel prize
optimal incentive schemes
incomplete contracts
JEL: 
B21
D23
D82
L20
Document Type: 
Working Paper

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