Nobel Economics Prize 2016: Know what is Contract theory
Contract theory explores the way employment contracts can shape behavior and reach mutually beneficial outcomes for the hirer and hiree.
Oct 11, 2016, 10:44 AM ISTNobel Prize in Economics 2016: Know how the winners helped design insurance policies, executive pay
Two US-based academics won the Nobel Economics Prize on Monday for groundbreaking research on contract theory that has helped design insurance policies, executive pay and even prison management.
Oct 10, 2016, 19:26 PM ISTNobel Prize in Economics 2016: All you must know about the winners
UK-born Oliver Hart and Finland-born Bengt Holmstrom won the 2016 Nobel Economics Prize for "their contributions to contract theory".
Oct 10, 2016, 16:47 PM IST