Congratulations to Oliver Hart, Nobel Laureate

October 10, 2016

We enthusiastically congratulate Oliver Hart, a member of our Academic Advisory Council from 2005 to 2014, for being awarded the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel. Oliver Hart and his co-winner Bengt Holmström – and their co-authors – have profoundly affected our thinking about the role of contracts in channeling information and incentive problems when relations between contracting parties are affected by information asymmetries and/or moral hazard. Congratulations for a well-deserved honour!