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boots kaufen lombian president wins Nobel Prize for peace efforts"The new theoretical tools created by Hart and Holmstrom are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design."Their groundbreaking work has laid "an intellectual foundation" for designing policies and institutions in many areas, from bankruptcy legislation to political constitutions.Hart, born in 1948, is an economics professor at Harvard University in the United States, while Holmstrom is a professor of economics and
