At a glance: Harvard, MIT professors win Nobel in economics

October 10, 2016 11:46 AM

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STOCKHOLM — The Nobel prize in economics has been awarded to British-born Oliver Hart and Bengt Holmstrom of Finland for their research on how contracts are used to help people reconcile conflicting interests, such as in the pay of CEOs or privatization of services.

Hart is an American citizen currently working at Harvard University while Holmstrom is at the Massachusetts Institute of Technology.

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