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2016 Nobel Laureates in Economics: Oliver Hart and Bengt Holmstrom

The 2016 Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel was awarded on the October 10 to Oliver Hart and Bengt Holmstrom "for their contributions to contract theory."

In recognition of this outstanding achievement, a selection of seminal articles published in the Journal of Law, Economics, & Organization written by Hart and Holmstrom (a member of the JLEO editorial board) is free to access for a limited time. Simply click on the article title below to read.

Incomplete Contracts and the Theory of the Firm
Oliver Hart
JLEO (1988) 4 (1): 119-139

Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design
Bengt Holmstrom and Paul Milgrom
JLEO (1991) 7 (special issue): 24-52

Transfer Pricing and Organizational Form
Bengt Holmstrom and Jean Tirole
JLEO (1991) 7 (2): 201-228

The Firm as a Subeconomy
Bengt Holmstrom
JLEO (1999) 15 (1): 74-102


In addition to to these papers, enjoy access to the following article, published in 2014 as part of a special issue of JLEO in honor of the 25th anniversary of the classic 1986 paper, "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," by Grossman and Hart.

Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production
Pol Antras
JLEO (2014) 30 (suppl 1): i118-i175

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