Regular biography
Bengt Holmström is the Paul A. Samuelson Professor of Economics, Emeritus, at the Massachusetts Institute of Technology, in the ECON department. His research focuses on topics within economics, though specific areas are not detailed in the provided information. Holmström's academic profile includes a website at https://economics.mit.edu/people/faculty/bengt-holmstrom and contact details at bengt@mit.edu. He has received several notable awards and honors, including the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2016, and has been recognized by institutions such as the American Academy of Arts and Sciences.
Scholar-generated biography
Bengt Holmstrom is a Professor of Economics at MIT, known for his research in contracting, incentives, corporate finance, and financial crises. His work explores moral hazard, principal-agent relationships, and the design of incentive contracts. Holmstrom's publications include studies on multitask principal-agent analyses, financial intermediation, and the internal economics of the firm. He has examined how firms function as incentive systems and how managerial incentives affect innovation and capital management. His research also addresses agency costs, wage dynamics, and the role of liquidity in financial markets. Holmstrom's contributions have significantly influenced theories of the firm and corporate governance.