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Oliver Hart, 'Incomplete Contracts and Control'

Oliver Hart

Incomplete Contracts and Control

Wednesday 17 May, 6pm

University of Warwick alumnus, Oliver Hart is currently the Andrew E Furer Professor of Economics at Harvard University, where he has taught since 1993. He is the 2016 co-recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel Hart and his lecture ‘Incomplete Contracts and Control’ is a version of his Nobel Prize Lecture, originally delivered on 8 December 2016 at the Aula Magna, Stockholm University.

Professor Hart works mainly on contract theory, the theory of the firm, corporate finance, and law and economics. His research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. He has published a book (Firms, Contracts, and Financial Structure, Oxford University Press, 1995) and numerous journal articles. He has used his theoretical work on firms in two legal cases as a government expert (Black and Decker v. U.S.A. and WFC Holdings Corp. (Wells Fargo) v. U.S.A.). Professor Hart is a Fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, and the American Finance Association, a member of the National Academy of Sciences, and has several honorary degrees. He has been president of the American Law and Economics Association and a vice president of the American Economic Association.