The announcement of the 2016 Prize in Economic Sciences.
The announcement of the 2016 Prize in Economic Sciences. Credit: Stina Stjernkvist/TT

Economics prize wrap up Nobel season

The Nobel Memorial Prize in Economic Sciences will be awarded late Monday morning, continuing more than a week's worth of Nobel prize announcements.

Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, as the award is formally known, will be announced at 11:45 am at the earliest at the Royal Swedish Academy of Sciences.

The prize was established by the Swedish Central Bank (the Riksbank) in 1968 in Nobel's memory, but was not featured in his will.

Last year's prize was given to economists Oliver Hart and Bengt Holmström for their work with "contract theory".

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