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Schmidt, Klaus M. ORCID: 0000-0002-5011-0828 (July 2017): Contributions of Oliver Hart and Bengt Holmström to Contract Theory. In: Scandinavian Journal of Economics, Vol. 119, No. 3: pp. 489-511
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Oliver Hart and Bengt Holmstrom 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.