Bengt Holmstrom Archives - Marketplace

MIT's Bengt Holmstrom and Harvard's Oliver Hart win Nobel prize in economics

by Dan Gorenstein

Oct 10, 2016

The two were awarded for their work on contract theory.

From left to right: Tomas Sjoestroem, member of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel; Goran K. Hansson, Secretary General of the Royal Swedish Academy of Sciences; and Per Stromberg, Chairman of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, attend a press conference at the Royal Swedish Academy of Sciences where they present the laureates for the Nobel prize in economics.

JONATHAN NACKSTRAND/AFP/Getty Images

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