UK, Finland-born economists win 2016 Nobel Prize for Economics
- 10-Oct-2016
STOCKHOLM: British-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize for their contributions to contract theory, helping the understanding of issues like the performance-based pay for top executives. “(Their work) lays an intellectual foundation for designing policies and institutions in many areas, from bankruptcy legislation to political constitutions,” the Royal Swedish […]