SWEDEN-NOBEL-ECONOMY-ECONOMICS AWARD

Per Stroemberg (R), Chairman of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, attends a press conference at the Royal Swedish Academy of Sciences in Stockholm on October 10, 2016 where he presents with Tomas Sjoestroem (L), member of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel and Goran K. Hansson (C), Secretary General of the Royal Swedish Academy of Sciences, the work of the laureates for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016, Oliver Hart, Harvard University, Cambridge, MA, USA, and Bengt Holmstrom, Massachusetts Institute of Technology, Cambridge, MA, USA , awarded for their contributions to contract theory. British-American economist Oliver Hart and Bengt Holmstrom of Finland won the Nobel Economics Prize for their work on contract theory. / AFP / JONATHAN NACKSTRAND (Photo credit should read JONATHAN NACKSTRAND/AFP via Getty Images)