Economics Nobel Prize – Understanding 'Contract Theory'..

The award of Nobel Prize to Oliver Hart and Bengt Holmstrom for economic science brings to light the concept of ‘Contract Theory’, hardly heard so far, let alone be understood..! As per the survey by the institution awarding the prize, 56% of the people did not know about ‘contract theory’. A brief attempt to understand … Continue reading Economics Nobel Prize – Understanding 'Contract Theory'..
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