Hongyi Li and Anton Kolotilin

Hongyi Li is a lecturer of economics at the UNSW Australia Business School. He received his PhD from Harvard University in 2011, and was a postdoctoral associate at MIT Sloan from 2011-12. His research focuses on organisational and managerial economics. Anton Kolotilin is a senior lecturer in economics at UNSW Australia Business School and an Australian Research Council Discovery Early Career Research Award recipient for 2016-2019. He received his PhD in Economics from MIT in 2012. His primary research field is microeconomic theory, with a particular interest in persuasion, strategic communication, and information disclosure.

Why Did Contract Theory Deserve a Nobel Prize?

As technology improves and organizations become more complex, the theory and practice of contract design will only increase in importance. As such, we owe, we owe a great debt to this year’s Nobel laureates in economics for giving us powerful tools to structure effective contracts.