The 2016 Nobel Prize in Economics was won by:
- AOliver Hart and Bengt Holmstrom
- BAngus Deaton and Jean Tirole
- CPatrick Modiano
- DArthur B. McDonald
Solution & Step-by-step Explanation
The 2016 Nobel Memorial Prize in Economic Sciences was jointly awarded to Oliver Hart (Harvard University) and Bengt Holmström (MIT) for their groundbreaking research contributions to Contract Theory, which provides frameworks for understanding real-world contracts and institutional compensation designs.