B&F NOB-26 | Bengt Holmström (2016) — Incentives and Hidden Action
26. Bengt Holmström Laureate: Bengt Holmström Nobel Prize Year: 2016 Arc: Information and Incentives Structural Rupture: Contracts must operate under hidden action constraints. Core Contribution: Principal–agent theory. Key Concepts: Moral hazard, incentives. Architectural Interpretation: Holmström formalized incentives inside organizations. More information at: 💹 Website 🌐 https://bankandfinance.net/ 💹 LinkedIn 💼 https://www.linkedin.com/company/bank-finance 💹 Instagram 📸 https://www.instagram.com/bankfinanceco/ 💹 X 🧭 https://x.com/_bankandfinance 💹 e-mail ✉️ contact@bankandfinance.net
About Bengt Holmström
Bengt Robert Holmström is a Finnish economist who is currently Paul A. Samuelson Professor of Economics (Emeritus) at the Massachusetts Institute of Technology. Together with Oliver Hart, he received the Central Bank of Sweden Nobel Memorial Prize in Economic Sciences in 2016.
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