The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016

Oliver Hart

© Nobel Media AB. Photo: A. Mahmoud

Prize share: 1/2

Bengt Holmström

© Nobel Media AB. Photo: A. Mahmoud

Prize share: 1/2

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 was awarded jointly to Oliver Hart and Bengt Holmström "for their contributions to contract theory."

To cite this section
MLA style: The Prize in Economic Sciences 2016. NobelPrize.org. Nobel Media AB 2021. Fri. 23 Apr 2021. <https://www.nobelprize.org/prizes/economic-sciences/2016/summary/>

Back to top Back To Top Takes users back to the top of the page

Learn more

Nobel Prizes 2020

Twelve laureates were awarded a Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind.

Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.

See them all presented here.
Nobel Prizes 2020 graphics

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.