Hart, Holmstrom: Contract theory and incomplete contracts

Kate Vitasek’s column published online on 6 January 2017

Professors Bengt Holmström (MIT) and Oliver Hart (Harvard) received the 2016 Nobel Prize in economic science in October for their work in the realm of contract theory and, most intriguing, the nature of contracts as being essentially incomplete…

Here’s the link: http://tinyurl.com/hs9vh2v