Bengt Holmström, the Paul Samuelson Professor of Economics in MIT SHASS, has won a share of the Nobel Prize in Economics for his contributions to contract theory. Holmstrom shares the prize with Oliver Hart, of Harvard University. Both professors expressed their admiration for one another's research, and their pleasure to share the prize.
Story at MIT News: MIT economist Bengt Holmström wins Nobel Prize
Holmström shares award with Oliver Hart for work on contract theory.
Economist Bengt Holmström’s Nobel Prize win delights MIT colleagues
Faculty members cite his transformative work on contract theory.