2016 - Nobel Prize for their contributions to contract theory
2016 - Nobel Memorial Prize laureates in Economics for their contributions to contract theory".
2013 - Fellow of the American Finance Association (AFA)
1993 - Fellow of the American Academy of Arts and Sciences
1983 - Fellows of the Econometric Society
Bengt Holmstrom mainly investigates Microeconomics, Incentive, Wage, Labour economics and Moral hazard. Asset is the focus of his Microeconomics research. His Incentive study combines topics in areas such as Public economics and Economy.
His Wage research includes themes of Drawback, Human capital, Information asymmetry, Price system and Implicit contract theory. His Labour economics research integrates issues from Salary and Promotion. His Moral hazard research is multidisciplinary, incorporating elements of Competition, Clawback, Stochastic game, Signing bonus and Observability.
Bengt Holmstrom focuses on Microeconomics, Incentive, Market liquidity, Corporate governance and Financial system. His studies link Capital with Microeconomics. Bengt Holmstrom has included themes like Order, Asset, Investment and Human capital in his Incentive study.
His studies deal with areas such as Financial economics and Capital asset pricing model as well as Market liquidity. The Executive compensation research Bengt Holmstrom does as part of his general Corporate governance study is frequently linked to other disciplines of science, such as Legislature, therefore creating a link between diverse domains of science. The study incorporates disciplines such as Capital market, Economic capital and Debt in addition to Financial system.
His main research concerns Debt, Contract theory, Financial system, Private information retrieval and Medium of exchange. Bengt Holmstrom studied Contract theory and Pay for performance that intersect with Portfolio, Stock options and Public economics. His work carried out in the field of Portfolio brings together such families of science as Incentive and Microeconomics.
His research on Microeconomics frequently links to adjacent areas such as Public relations. The concepts of his Financial system study are interwoven with issues in Value, Demand deposit and Capital market. His study in Value is interdisciplinary in nature, drawing from both Private money, Liquidity crisis, Market liquidity, Financial intermediary and Investment.
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Moral Hazard and Observability
Research Papers in Economics (1997)
Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design
Bengt Holmstrom;Paul Milgrom.
Journal of Law Economics & Organization (1991)
Moral Hazard in Teams
The Bell Journal of Economics (1982)
Financial Intermediation, Loanable Funds, and The Real Sector
B. Holmstrom;Jean Marcal Pierre Tirole.
Quarterly Journal of Economics (1997)
AGGREGATION AND LINEARITY IN THE PROVISION OF INTERTEMPORAL INCENTIVES
Bengt Robert Holmström;Paul R. Milgrom.
Managerial Incentive Problems: A Dynamic Perspective
The Review of Economic Studies (1999)
Private and Public Supply of Liquidity
Bengt R. Holmstrom;Jean Tirole.
Journal of Political Economy (1998)
The Firm as an Incentive System
Bengt Holmstrom;Paul Milgrom.
The American Economic Review (1994)
Market Liquidity and Performance Monitoring
Bengt Holmström;Jean Tirole.
Journal of Political Economy (1993)
The theory of contracts
Oliver Hart;Bengt Holmström.
Research Papers in Economics (1986)
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