Bengt Holmström
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Bengt Holmström | |
---|---|
PhD ) | |
Academic career | |
Institutions | |
Doctoral advisor | Robert B. Wilson |
Doctoral students | Jonathan Levin[1] |
Awards | Nobel Memorial Prize in Economic Sciences (2016) |
Academic background | |
Thesis | On Incentives and Control in Organizations (1978) |
Bengt Robert Holmström (born 18 April 1949) is a Finnish economist who is currently Paul A. Samuelson Professor of Economics (Emeritus) at the Massachusetts Institute of Technology. Together with Oliver Hart, he received the Central Bank of Sweden Nobel Memorial Prize in Economic Sciences in 2016.[2]
Early life and education
Holmström was born in
He received his
Career
He worked as a corporate planner from 1972 until 1974, then was an assistant professor at the
He has been on the faculty of M.I.T. since 1994, when he was appointed professor of economics and management at the department of economics and Sloan School of Management.[4]
Holmström is particularly well known for his work on
Holmström was elected member of the Finnish Society of Sciences and Letters in 1992 and an honorary member of the same society in 2016. He is a fellow of the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association[8] and the American Finance Association, and a foreign member of the Royal Swedish Academy of Sciences and the Finnish Academy of Science and Letters. In 2011, he served as President of the Econometric Society. He holds honorary doctorate degrees from the Stockholm School of Economics, Sweden, the University of Vaasa and the Hanken School of Economics in Finland.
Holmström was a member of Nokia's board of directors from 1999 until 2012.[9][10] He was a member of the Board of the Aalto University from 2008 until 2017.[11][5]
Accolades
He was awarded the 2012 Banque de France-TSE Senior Prize in Monetary Economics and Finance, the 2013 Stephen A. Ross Prize in Financial Economics and the 2013 Chicago Mercantile Exchange – MSRI Prize for Innovative Quantitative Applications.
In 2016, Holmström won the
Personal life
He is married to Anneli Holmström[13] and they have one son.[3]
Publications
- Holmström, Bengt, 1972. "En icke-linear lösningsmetod för allokationsproblem". University of Helsinki.
- Holmström, Bengt, 1979. "Moral Hazard and Observability," Bell Journal of Economics, 10(1), pp. 74–91.
- Holmstrom, Bengt. "Moral hazard in teams." The Bell Journal of Economics (1982): 324–340.
- Holmstrom, Bengt. "Equilibrium long-term labor contracts." The Quarterly Journal of Economics (1983): 23–54. 23
- Holmström, B., 1999. Managerial incentive problems: A dynamic perspective. The Review of Economic Studies, 66(1), pp. 169–182.169–182
- Holmström, Bengt, and Paul Milgrom, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," Journal of Law, Economics, and Organization, 7, 24–52.
- Holmstrom, B. and Milgrom, P., 1994. The firm as an incentive system. The American Economic Review, pp. 972–991. 972–991.
- Holmström, Bengt, and John Roberts, 1998. "The Boundaries of the Firm Revisited," Journal of Economic Perspectives, 12(4), pp. 73–94
- Holmström, Bengt, and Jean Tirole, 1998. "Private and Public Supply of Liquidity," Journal of Political Economy, 106(1), pp. 1–40.
References
- hdl:1721.1/9520.
- ^ Appelbaum, Binyamin (10 October 2016). "Oliver Hart and Bengt Holmstrom Win Nobel in Economics for Work on Contracts". New York Times. Retrieved 10 October 2016.
- ^ a b c "Bengt Holmström". Nobel Prize.
- ^ Encyclopaedia Britannica.
- ^ a b "Bengt Holmström - the deal making authority". DW.
- ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016". NobelPrize.org. Retrieved 13 November 2021.
- SSRN 2552018.
- ^ "Fellows | EEA". www.eeassoc.org. Retrieved 23 March 2021.
- ^ "The latest Nokia phones and accessories | Nokia Phones US".
- ^ "Nokia plans board of directors refresh, chairman to step down". Engadget.com. Retrieved 10 October 2016.
- ^ Aalto University site from MIT.
- ^ "Press Release: The Prize in Economic Sciences 2016". The Royal Swedish Academy of Sciences. Retrieved 10 October 2016.
- ^ "The King's dinner for the Nobel Laureates". Swedish Royal Court. 2016.
External links
- Bengt Holmström on Nobelprize.org including the Prize Lecture 8 December 2016 Pay for Performance and Beyond