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Explainer: What Is Contract Theory And Why It Deserved A Nobel Prize

Saturday, October 15, 2016 17:09
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(Before It's News)

from The Conversation

– this post authored by Hongyi Li, UNSW Australia and Anton Kolotilin, UNSW Australia

The Nobel Memorial Prize in Economic Science has just been awarded to Oliver Hart and Bengt Holmstrom for building the foundations of contract theory.

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