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Vertragstheorie: Zum Nobelpreis 2016 für Oliver Hart und Bengt Holmström

Müller, Daniel and Schmitz, Patrick W. (2016): Vertragstheorie: Zum Nobelpreis 2016 für Oliver Hart und Bengt Holmström.

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Abstract

Oliver Hart and Bengt Holmström have been awarded the 2016 Nobel Prize in Economic Sciences for their contributions to contract theory. In this paper, we provide a brief introduction to the field of contract theory and we discuss some of the laureates' central contributions.

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