Bengt Holmström

Bengt Holmström se narodil 18. dubna 1949 v Helsinkách ve Finsku. Studoval matematiku, fyziku, teoretickou fyziku a statistiku na Helsinské univerzitě, magisterský titul získal za  operační výzkum na Stanfordské univerzitě v roce 1975 a Ph.D. v roce 1978 na Graduate School of Business ve Stanfordu. Od roku 1994 působil na fakultě M.I.T. Předtím působil jako docent na Kellogg Graduate School of Management na Northwestern University (1979 – 1982) a jako profesor řízení na Yale University School of Management (1983 – 1994). V roce 2010 byl zvolen významným hostujícím profesorem na  The University of Helsinki.

B. Holmström je mikroekonomický teoretik, zvláště známý pro svůj výzkum teorie smluv. Obecněji pracuje na teorii uzavírání smluv a pobídek, zejména v oblasti teorie firmy, správy a řízení společností a problémů s likviditou při finančních krizích.

Holmström je členem Americké akademie věd a umění, Ekonometrické společnosti, Americké finanční asociace a zahraničním členem Královské švédské akademie věd a Finské akademie věd a dopisů. V roce 2011 působil jako prezident společnosti Ekonometrická. Je držitelem čestných doktorátů ze Stockholmské ekonomické školy ve Švédsku, z univerzity ve Vaase a z Hankenské ekonomické školy ve Finsku. Nedávno mu byla udělena Cena ve finančním hospodářství a finance Banque de France-TSE za rok 2012, cena Stephena A. Rosse za finanční ekonomiku za rok 2013 a Chicago Mercantile Exchange 2013 – cena MSRI pro inovativní kvantitativní aplikace. Holmström byl členem správní rady společnosti Nokia od roku 1999 do roku 2012. Je členem představenstva Aalto University.

V roce 2016 získal Holmström Nobelovu cenu za ekonomii spolu s Oliverem Hartem „za jejich příspěvky k teorii smluv“.

Holmström žije trvale v USA, je ženatý s Anneli a mají jednoho syna Sama (1974).

Knihy

HART, Oliver D, Bengt HOLMSTRÖM a NATIONAL BUREAU OF ECONOMIC RESEARCH, 2008. A theory of firm scope[online]. Working paper series (National Bureau of Economic Research), č. 14613. Cambridge, Mass.: National Bureau of Economic Research [vid. 2017-05-25]. Dostupné z: http://papers.nber.org/papers/w14613
HOLMSTRÖM, Bengt, 1999. Managerial incentive problems: a dynamic perspective. Working paper series / National Bureau of Economic Research, 6875. Cambridge Mass.: National Bureau of Economic Research.
HOLMSTROM, Bengt, Philipp HILDEBRAND a Ernst-Ludwig von THADDEN, 2015. Understanding the role of debt in the financial system[online]. BIS working paper, 479. Basle: BIS [vid. 2017-05-25]. Dostupné z: http://www.bis.org/publ/work479.htm
HOLMSTRÖM, Bengt a Åke RUNNQUIST, 1971. Boksverige. Författare, förlag, bokhandel, bibliotek.Aldusserien, 333. Stockholm: Aldus/Bonnier.
HOLMSTRÖM, Bengt a Jean TIROLE, 1996. Private and public supply of liquidity. Working paper (Massachusetts Institute of Technology. Department of Economics), WP 96-21. Cambridge, Mass.: Dept. of Economics, Massachusetts Institute of Technology.
HOLMSTRÖM, Bengt a Jean TIROLE, 2011. Inside and Outside Liquidity. B.m.: MIT Press. ISBN 978-0-262-29478-2.
HOLMSTRÖM, Bengt, Jean TIROLE, MASSACHUSETTS INSTITUTE OF TECHNOLOGY a DEPARTMENT OF ECONOMICS, 1987. The theory of the firm. Working paper (Massachusetts Institute of Technology. Department of Economics), č. 456. Cambridge, Mass: Dept. of Economics, Massachusetts Institute of Technology.
HOLMSTROM, Bengt, Jean TIROLE, MASSACHUSETTS INSTITUTE OF TECHNOLOGY a DEPARTMENT OF ECONOMICS, 1995. Financial intermediation loanable funds and the real sector. Working paper.Massachusetts institute of technology,Department of economics. Cambridge [Massachusetts: Massachusetts institute of technology, Department of Economics.
HOLMSTRÖM, Bengt, Jean TIROLE, MASSACHUSETTS INSTITUTE OF TECHNOLOGY a DEPARTMENT OF ECONOMICS, 2000. LAPM: a liquidity-based asset pricing model. Working paper (Massachusetts Institute of Technology. Department of Economics), WP 98-08. Cambridge, Mass.: MIT, Dept. of Economics.

Články

BAKER, George, Michael GIBBS a Bengt HOLMSTROM, 1993. Hierarchies and compensation. European Economic Review[online]. 37(2), 366–378. ISSN 0014-2921. Dostupné z: doi:10.1016/0014-2921(93)90025-6
BAKER, George, Michael GIBBS a Bengt HOLMSTROM, 1994a. The Internal Economics of the Firm: Evidence from Personnel Data. The Quarterly Journal of Economics[online]. 109(4), 881–919. ISSN 0033-5533. Dostupné z: doi:10.2307/2118351
BAKER, George, Michael GIBBS a Bengt HOLMSTROM, 1994b. The Wage Policy of a Firm. The Quarterly Journal of Economics[online]. 109(4), 921–955. ISSN 0033-5533. Dostupné z: doi:10.2307/2118352
BAKER, George a Bengt HOLMSTROM, 1995. Internal Labor Markets: Too Many Theories, Too Few Facts. The American Economic Review. 85(2), 255–259. ISSN 0002-8282.
BARON, David P. a Bengt HOLMSTRÖM, 1980. The Investment Banking Contract For New Issues Under Asymmetric Information: Delegation And The Incentive Problem. The Journal of Finance[online]. 35(5), 1115–1138. ISSN 1540-6261. Dostupné z: doi:10.1111/j.1540-6261.1980.tb02199.x
BERGH, Andreas, 2011. Nordics in Global Crisis: Vulnerability and Resilience. Journal of Economic Literature[online]. 49(1), 151–152. ISSN 0022-0515. Dostupné z: doi:http://dx.doi.org/10.1257/jel.49.1.129
DANG, Tri Vi, Gary GORTON, Bengt HOLMSTRÖM a Guillermo ORDOÑEZ, 2017. Banks as Secret Keepers. The American Economic Review[online]. 107(4), 1005–1029. Dostupné z: doi:10.1257/aer.20140782
FUDENBERG, Drew, Bengt HOLMSTROM a Paul MILGROM, 1990. Short-term contracts and long-term agency relationships. Journal of Economic Theory[online]. 51(1), 1–31. ISSN 0022-0531. Dostupné z: doi:10.1016/0022-0531(90)90048-O
HARRIS, Milton a Bengt HOLMSTROM, 1982. A Theory of Wage Dynamics. The Review of Economic Studies[online]. 49(3), 315–333. ISSN 0034-6527. Dostupné z: doi:10.2307/2297359
HARRIS, Milton a Bengt HOLMSTROM, 1983. Microeconomic Developments and Macroeconomics. The American Economic Review. 73(2), 223–227. ISSN 0002-8282.
HARRIS, Milton a Bengt HOLMSTROM, 1987. On the Duration of Agreements. International Economic Review[online]. 28(2), 389–406. ISSN 0020-6598. Dostupné z: doi:10.2307/2526732
HART, Oliver a Bengt HOLMSTROM, 2010. A Theory of Firm Scope. The Quarterly Journal of Economics[online]. 125(2), 483–513. ISSN 0033-5533. Dostupné z: doi:10.1162/qjec.2010.125.2.483
HOLMLSTROM, Bengt, 2004. Pay without Performance and the Managerial Power Hypothesis: A Comment. Journal of Corporation Law. 30, 703.
HOLMSTROM, B., 1999. The firm as a subeconomy. The Journal of Law, Economics, and Organization[online]. 15(1), 74–102. ISSN 8756-6222. Dostupné z: doi:10.1093/jleo/15.1.74
HOLMSTRÖM, Bengt, 1979. Groves’ Scheme on Restricted Domains. Econometrica[online]. 47(5), 1137–1144. ISSN 0012-9682. Dostupné z: doi:10.2307/1911954
HÖLMSTROM, Bengt, 1979. Moral Hazard and Observability. The Bell Journal of Economics[online]. 10(1), 74–91. ISSN 0361-915X. Dostupné z: doi:10.2307/3003320
HOLMSTROM, Bengt, 1981. Contractual Models of the Labor Market. The American Economic Review. 71(2), 308–313. ISSN 0002-8282.
HOLMSTROM, Bengt, 1982a. Design of incentive schemes and the new Soviet Incentive model. European Economic Review[online]. 17(2), 127–148. ISSN 0014-2921. Dostupné z: doi:10.1016/S0014-2921(82)80010-X
HOLMSTROM, Bengt, 1982b. Moral Hazard in Teams. The Bell Journal of Economics[online]. 13(2), 324–340. ISSN 0361-915X. Dostupné z: doi:10.2307/3003457
HOLMSTROM, Bengt, 1983. Equilibrium Long-Term Labor Contracts. The Quarterly Journal of Economics[online]. 98, 23–54. ISSN 0033-5533. Dostupné z: doi:10.2307/1885374
HOLMSTROM, Bengt, 1989. Agency costs and innovation. Journal of Economic Behavior & Organization[online]. 12(3), 305–327. ISSN 0167-2681. Dostupné z: doi:10.1016/0167-2681(89)90025-5
HOLMSTRÖM, Bengt, 1996. Financing of Investment in Eastern Europe: A Theoretical Perspective. Industrial and Corporate Change[online]. 5(2), 205–237. ISSN 0960-6491. Dostupné z: doi:10.1093/icc/5.2.205
HOLMSTRÖM, Bengt, 1999a. Future of Cooperatives: A Corporate Perspective. The Finnish Journal of Business Economics. (4), 404–417.
HOLMSTRÖM, Bengt, 1999b. Managerial Incentive Problems: A Dynamic Perspective. The Review of Economic Studies[online]. 66(1), 169–182. ISSN 0034-6527. Dostupné z: doi:10.1111/1467-937X.00083
HOLMSTROM, Bengt a Joan Ricart i COSTA, 1986. Managerial Incentives and Capital Management. The Quarterly Journal of Economics[online]. 101(4), 835–860. ISSN 0033-5533. Dostupné z: doi:10.2307/1884180
HOLMSTROM, Bengt a Steven N. KAPLAN, 2003. The State of U.s. Corporate Governance: What’s Right and What’s Wrong? Journal of Applied Corporate Finance[online]. 15(3), 8–20. ISSN 1745-6622. Dostupné z: doi:10.1111/j.1745-6622.2003.tb00457.x
HOLMSTROM, Bengt a Paul MILGROM, 1987. Aggregation and Linearity in the Provision of Intertemporal Incentives. Econometrica[online]. 55(2), 303–328. ISSN 0012-9682. Dostupné z: doi:10.2307/1913238
HOLMSTROM, Bengt a Paul MILGROM, 1994. The Firm as an Incentive System. The American Economic Review. 84(4), 972–991. ISSN 0002-8282.
HOLMSTRÖM, Bengt a Roger B. MYERSON, 1983. Efficient and Durable Decision Rules with Incomplete Information. Econometrica[online]. 51(6), 1799–1819. ISSN 0012-9682. Dostupné z: doi:10.2307/1912117
HOLMSTRÖM, Bengt a Barry NALEBUFF, 1992. To The Raider Goes The Surplus? A Reexaminationof the Free-Rider Problem. Journal of Economics & Management Strategy[online]. 1(1), 37–62. ISSN 1530-9134. Dostupné z: doi:10.1111/j.1430-9134.1992.00037.x
HOLMSTRÖM, Bengt a John ROBERTS, 1998. The Boundaries of the Firm Revisited. The Journal of Economic Perspectives. 12(4), 73–94. ISSN 0895-3309.
HOLMSTROM, Bengt a Jean TIROLE, 1991. Transfer Pricing and Organizational Form. Journal of Law, Economics, & Organization. 7(2), 201–228. ISSN 8756-6222.
HOLMSTRÖM, Bengt a Jean TIROLE, 1993. Market Liquidity and Performance Monitoring. Journal of Political Economy[online]. 101(4), 678–709. ISSN 0022-3808. Dostupné z: doi:10.1086/261893
HOLMSTROM, Bengt a Jean TIROLE, 1996. Modeling Aggregate Liquidity. The American Economic Review. 86(2), 187–191. ISSN 0002-8282.
HOLMSTROM, Bengt a Jean TIROLE, 1997. Financial Intermediation, Loanable Funds, and The Real Sector. The Quarterly Journal of Economics[online]. 112(3), 663–691. ISSN 0033-5533. Dostupné z: doi:10.1162/003355397555316
HOLMSTRÖM, Bengt a Jean TIROLE, 1998. Private and Public Supply of Liquidity. Journal of Political Economy[online]. 106(1), 1–40. ISSN 0022-3808. Dostupné z: doi:10.1086/250001
HOLMSTRÖM, Bengt a Jean TIROLE, 2000. Liquidity and Risk Management. Journal of Money, Credit and Banking[online]. 32(3), 295–319. ISSN 0022-2879. Dostupné z: doi:10.2307/2601167
HOLMSTRÖM, Bengt a Jean TIROLE, 2001. LAPM: A Liquidity-Based Asset Pricing Model. The Journal of Finance[online]. 56(5), 1837–1867. ISSN 1540-6261. Dostupné z: doi:10.1111/0022-1082.00391
HOLMSTROM, Bengt a Jean TIROLE, 2002. Domestic and International Supply of Liquidity. The American Economic Review. 92(2), 42–45. ISSN 0002-8282.
HOLMSTROM, Bengt a Laurence WEISS, 1985. Managerial Incentives, Investment and Aggregate Implications: Scale Effects. The Review of Economic Studies[online]. 52(3), 403–425. ISSN 0034-6527. Dostupné z: doi:10.2307/2297661

Working papers, proceedings, přednášky, aj.

ANDERSEN, Torben M., Bengt HOLMSTRÖM, Seppo HONKAPOHJA, Sixten KORKMAN, Söderström Hans TSON a Juhana VARTIAINEN, nedatováno. The Nordic Model. Embracing globalization and sharing risks[online]. ETLA B. B.m.: The Research Institute of the Finnish Economy [vid. 2017-04-27]. Dostupné z: https://ideas.repec.org/b/rif/bbooks/232.html
HART, Oliver D. a Bengt HOLMSTRM, 1986. The theory of contracts[online]. Working Paper. B.m.: [Cambridge, Mass. : Dept. of Economics, Massachusetts Institute of Technology] [vid. 2017-04-27]. Dostupné z: http://dspace.mit.edu/handle/1721.1/64265
HOLMSTRÖM, Bengt, 1977a. On Incentives and Control in Organization, Part 1[online]. B.m.: Stanford University. Dostupné z: https://economics.mit.edu/files/3856
HOLMSTRÖM, Bengt, 1977b. On Incentives and Control in Organization, Part 2[online]. B.m.: Stanford University. Dostupné z: https://economics.mit.edu/files/3857
HOLMSTROM, Bengt, 2012. Presidential Address, Econometric Society: The Nature of Liquidity Provision: When Ignorance Is Bliss[online]. Chicago: ASSA meetings [vid. 2017-05-03]. Dostupné z: https://economics.mit.edu/files/7500
HOLMSTROM, Bengt, 2015a. The Impact of Incomplete Contracts on Economics: Grossman-Hart (1986) as a Theory of Markets[online]. New York: Oxford University Press [vid. 2017-05-03]. Dostupné z: https://economics.mit.edu/files/10645
HOLMSTROM, Bengt, 2015b. Understanding the Role of Debt in the Financial System[online]. SSRN Scholarly Paper ID 2552018. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=2552018
HOLMSTROM, Bengt a Steven N. KAPLAN, 2001. Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s[online]. Working Paper 8220. B.m.: National Bureau of Economic Research [vid. 2017-04-27]. Dostupné z: doi:10.3386/w8220
HOLMSTROM, Bengt a David KREPS, 1998. An Economic Theory of Promises[online]. Dostupné z: https://economics.mit.edu/files/3778
HOLMSTROM, Bengt a Paul MILGROM, 1988. Common Agency and Exclusive Dealing[online]. Dostupné z: https://economics.mit.edu/files/3779
HOLMSTRÖM, Bengt R., 1998. The Firm as a Subeconomy[online]. SSRN Scholarly Paper ID 162270. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=162270
HOLMSTRÖM, Bengt R., 1999. Managerial Incentive Problems: A Dynamic Perspective[online]. SSRN Scholarly Paper ID 227626. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=227626
HOLMSTRÖM, Bengt R., 2006. Pay Without Performance and the Managerial Power Hypothesis: A Comment[online]. SSRN Scholarly Paper ID 899096. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=899096
HOLMSTRÖM, Bengt R. a Steven N. KAPLAN, 2001. Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s[online]. SSRN Scholarly Paper ID 261112. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=261112
HOLMSTRÖM, Bengt R. a Steven N. KAPLAN, 2003. The State of U.S. Corporate Governance: What’s Right and What’s Wrong?[online]. SSRN Scholarly Paper ID 441100. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=441100
HOLMSTRÖM, Bengt R. a Jean TIROLE, 1996. Private and Public Supply of Liquidity[online]. SSRN Scholarly Paper ID 225605. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=225605
HOLMSTRÖM, Bengt R. a Jean TIROLE, 2000. Lapm: A Liquidity-Based Asset Pricing Model[online]. SSRN Scholarly Paper ID 237497. Rochester, NY: Social Science Research Network [vid. 2017-05-03]. Dostupné z: https://papers.ssrn.com/abstract=237497
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Bengt Holmström