Bengt Holmström

Bengt Holmström is a Finnish economist renowned for his work on economic theory, especially in understanding how people and organizations make incentives and decisions. He developed concepts that explain how contracts and motivations work in businesses and institutions, ensuring that individuals act in ways that align with organizational goals. His research has helped improve management practices and economic policies. Holmström was awarded the Nobel Prize in Economic Sciences in 2016 for his contributions to contract theory, which has broad applications in finance, corporate governance, and public policy.