University of Vaasa Doctor honoris causa Bengt Holmström won Nobel in Economics
The University of Vaasa doctor honoris causa of Economic Sciences, professor Bengt Holmström from the Massachusetts Institute of Technology (MIT) and professor Oliver Hart from Harvard University were awarded the Nobel Memorial Prize in Economic Science on Monday for their contributions to the contract theory.
"Their analysis of optimal contractual arrangements lays an intellectual foundation for designing policies and institutions in many areas, from bankruptcy legislation to political constitutions", says the Royal Swedish Academy of Sciences in their press release.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is eight million Swedish krones.
Professor Bengt Holmström was born in 1949 in Helsinki, Finland. He finished his PhD in 1978 at Stanford University. He is currently Paul A. Samuelson Professor of Economics, and Professor of Economics and Management at Massachusetts Institute of Technology.
The University of Vaasa awarded the degree of Doctor honoris causa of Economic Sciences to professor Bengt Holmström June 11th 1988.
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