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MIT economist Bengt Holmstré°‰ wins Nobel Prize

Bengt Holmstré°‰, an influential MIT economist and long-time faculty member, has been named a winner of the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, for his work on contract theory. Holmstré°‰ was named co-winner of the prize along with Oliver Hart of Harvard University.